Rising Democratic star Rep. Alexandria Ocasio-Cortez, D-N.Y., said in a new interview that she could fund her proposed "Green New Deal" in part by slapping a tax as high as 70 percent on top earners. “But once you get to the tippie tops, on your ten millionth, sometimes you see tax rates as high as 60 percent or 70 percent. But free-market conservatives have argued there were more loopholes in the '60s and '70s, meaning most high earners didn’t actually pay those ultra-high rates. President Trump in 2017 signed a measure that slashed taxes across the board -- a move that was opposed by most Democrats. While Ocasio-Cortez is seen as being on far left of the Democratic Party, her call for a Green New Deal is increasingly being embraced by more mainstream Democrats, including possible 2020 candidates such as Sens.

Source: Fox News January 04, 2019 15:45 UTC