In the latest example of her success in doing this, Ocasio-Cortez was interviewed on “60 Minutes” and managed to get people talking about the possibility of 70 percent marginal tax rates on the wealthiest Americans. Republicans said the tax cut would generate so much economic activity that revenue would soar and the deficit would shrink. Republicans find that analysis appalling, because for them, the top marginal rate is a deeply moral issue. But why should it be that someone making $550,000 a year pays the same marginal rate as someone making $55 million a year? What Ocasio-Cortez is suggesting, and many liberals support, is setting a series of higher tax rates at the top end of the scale.

Source: Washington Post January 07, 2019 17:26 UTC