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Alexandria Ocasio-Cortez on Tax Reform

 

 


70% marginal tax rate on income above $10M/year

Q: How would this 70% marginal tax rate work?

A: We hear from Fox News on this, "They want to take all your money." But a 70% marginal tax rate is not on all your income. It's on your ten-millionth-and-one dollar. So after you make $10 million in one year, your dollars after that start to get progressively taxed at a much higher rate. And really, that is the tax answer to the question of "At what level are we really just living in excess?" and "Do we want to live in a city where billionaires have their own personal helipads while people work 8-hour weeks and can't feed their kids?"

Q: And this kind of tax rate was the norm up until the early 1980s?

A: It was. Under the Republican administration of Dwight Eisenhower, we had 90% marginal tax rates.

Q: But I want to point out, "She's a socialist; she wants 70% tax rates"--those are both accurate, right?

A: Yeah, I guess so, but a Democratic socialist, that's very different.

Source: Late Show with Stephen Colbert: 2018 Congress NY-14 election , Jan 21, 2019

PVS:Increase taxes to balance budget.

Ocasio-Cortez supports the PVS survey question on tax increases

Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."

Source: PVS Survey 18PVS-11a on Aug 1, 2018

2017-18 Governor, House and Senate candidates on Tax Reform: Alexandria Ocasio-Cortez on other issues:
NY Gubernatorial:
Andrew Cuomo
Bill de Blasio
Cynthia Nixon
George Pataki
Howie Hawkins
John DeFrancisco
Kathy Hochul
Kirsten Gillibrand
Larry Sharpe
Marc Molinaro
Mike Bloomberg
Rob Astorino
Zephyr Teachout
NY Senatorial:
Alex Merced
Charles Schumer
Chele Farley
Dave Webber
Kirsten Gillibrand
Marc Molinaro
Scott Noren
Wendy Long

Freshman class of 2019:
"Freshman class" means "not in Congress in January 2017", with exceptions:
* Special election, so sworn in prior to Jan. 2019
** Served in Congress in a previous term
*** Lost recount or general election
Freshman class of January 2019 (Republicans):
AZ-8*:Lesko
CA-39***:Kim
FL-6:Waltz ; FL-15:Spano ; FL-17:Steube
GA-7:Woodall
ID-1**:Fulcher
IN-4:Baird
IN-6:Pence
KS-2:Watkins
MN-1:Hagedorn ; MN-8:Stauber
MS-3:Guest
MT-0*:Gianforte
NC-9***:Harris
ND-a:Armstrong
NM-2***:Herrell
OH-12*:Balderson ; OH-16:Gonzalez
OK-1:Hern
PA-9:Meuser ; PA-11**:Smucker ; PA-13:Joyce ; PA-14:Reschenthaler
SC-4:Timmons
SD-0:Johnson
TN-2:Burchett ; TN-6:Rose ; TN-7:Green
TX-2:Crenshaw ; TX-3:Taylor ; TX-5:Gooden ; TX-6:Wright ; TX-21:Roy ; TX-27*:Cloud
VA-5:Riggleman ; VA-6:Cline
WI-1:Steil
WV-3:Miller
Freshman class of January 2019 (Democrats):
AZ-2**:Kirkpatrick ; AZ-9:Stanton
CA-49:Levin ; CA-10:Harder ; CA-21:Cox ; CA-25:Hill ; CA-39:Cisneros ; CA-45:Porter ; CA-48:Rouda
CO-2:Neguse ; CO-6:Crow
CT-5:Hayes
FL-26:Mucarsel-Powell ; FL-27:Shalala
GA-6:McBath
HI-1**:Case
IA-1:Finkenauer ; IA-3:Axne
IL-4:Garcia ; IL-6:Casten ; IL-14:Underwood
KS-3:Davids
KY-6***:McGrath
MA-3:Trahan ; MA-7:Pressley
MD-6:Trone
ME-2:Golden
MI-8:Slotkin ; MI-9:Levin ; MI-13:Tlaib ; MI-13*:Jones ; MI-11:Stevens
MN-2:Craig ; MN-3:Phillips ; MN-5:Omar
NC-9***:McCready
NH-1:Pappas
NJ-2:Van Drew ; NJ-3:Kim ; NJ-7:Malinowski ; NJ-11:Sherrill
NM-1:Haaland ; NM-2:Torres Small
NV-3:Lee ; NV-4**:Horsford
NY-14:Ocasio-Cortez ; NY-11:Rose ; NY-19:Delgado ; NY-22:Brindisi ; NY-25:Morelle
OK-5:Horn
PA-4:Dean ; PA-5:Scanlon ; PA-6:Houlahan ; PA-7:Wild ; PA-17*:Lamb
SC-1:Cunningham
TX-7:Fletcher ; TX-16:Escobar ; TX-29:Garcia ; TX-32:Allred
UT-4:McAdams
VA-2:Luria ; VA-7:Spanberger ; VA-10:Wexton
WA-8:Schrier
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Page last updated: Apr 26, 2019