Ocasio-Cortez Suggests 70 Percent Tax Rate to Fund Climate Change Initiative

“Yeah, if that’s what radical means, call me a radical.”

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Alexandria Ocasio-Cortez/IMAGE: DW English via Youtube

(Kaylee McGhee, Liberty Headlines) Rep. Alexandria Ocasio-Cortez, D-N.Y., wants to increase the income tax rate to as high as 70 percent on wealthy Americans to fund her Green New Deal initiative.

In an interview with Anderson Cooper on “60 Minutes,” Ocasio-Cortez said a spike in taxes could help the U.S. combat carbon dioxide emissions. Ocasio-Cortez’s Green New Deal seeks to eliminate the use of fossil fuels within 12 years.

“What is the problem with trying to push our technological capacities to the furthest extent possible?” Ocasio-Cortez asked. “There’s an element where yeah, people are going to have to start paying their fair share in taxes.”

Tax rates should be progressive, not fixed, she said. In a progressive tax rate system, rates increase as the level of income increases.

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Cooper pointed out that adopting this kind of tax plan would be “radical,” but Ocasio-Cortez embraced that label and said other influential historical figures, like Abraham Lincoln and Franklin D. Roosevelt, had to be radical to achieve results.

“I think that it only has ever been radicals that have changed this country,” Ocasio-Cortez said. “Yeah, if that’s what radical means, call me a radical.”

The democratic socialist has emerged as a leading figure in the fight against climate change and called it the country’s next Civil Rights movement.

“This is going to be the Great Society, the Moon Shot, the Civil Rights movement of our generation,” she said at a town hall event with Sen. Bernie Sanders, I-Vt., last month. “That is the scale of the ambition that this movement is going to require.”

Ocasio-Cortez slammed President Trump’s administration for rolling back climate change regulations and called on Congress to be more aggressive in its approach to climate change legislation.

“It’s unsurprising that the response to any bold proposal that we have is to incite fear. To incite fear of loss, to incite fear of others. To incite fear of our future. But the only way we are going to get out of this situation is to be courageous,” she said.