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Sunday, July 29, 2018
Alexandria Ocasio-Cortez Wants Carbon Tax, Trillions in Spending for ‘Renewable Energy Economy’
Ed. And not to worry...the rich will pay for all of it once the government starts taking their "fair share" in tax dollars. Ocasio-Cortez didn't say what she would do when "the Rich" decide to stop working because they don't appreciate the 90% tax rate.
article appeared in Breitbart on July 28th
By Joshua Caplan
Democratic-socialist and congressional candidate
Alexandria Ocasio-Cortez said Thursday that she wants a carbon tax and
trillions in government spending to transform the U.S. economy.
Appearing as a guest
on Comedy Central’s The Daily Show with host Trevor Noah, the political
upshot proposed cutting military spending while boosting taxes on
high-income Americans to create a “renewable energy economy.”
“I sat down with a
Nobel Prize economist last week, I can’t believe I can say that, it’s really
weird, but one of the things that we saw is if people pay their fair share if
corporations and the ultra-wealthy,” Ocasio-Cortez boasted before delving into her proposal. “For
example, as Warren Buffett likes to say if he pays as much as his secretary
paid, 15 percent tax rate, if corporations paid, if we reverse the tax bill,
raised our corporate tax rate to 28 percent … if we do those two things and
also close some of those loopholes, that’s $2 trillion right there.”
“One of the wide
estimates is that it’s going to take $3 trillion to $4 trillion to transition
us to 100 percent renewable economy,” the 28-year-old added.
progressive agenda to transition to “Green New Deal” by 2035, is proposing a
carbon tax on top of trillions in spending. “So we’ve got $2 trillion from
folks paying their fair share, which they weren’t paying before the Trump tax
bill,” the congressional candidate said. “They weren’t paying that before the
Trump tax bill. If we get people to pay their fair share, that’s $2 trillion in
10 years. Now if we implement a carbon tax on top of that so that we can
transition and financially incentivize people away from fossil fuels, if we
implement a carbon tax, that’s an additional amount, a large amount of revenue
that we can have.”
The progressive also
suggested a “re-prioritization” of government spending by slashing the U.S.
military budget. “Just last year we gave the military a $700 billion
budget increase, which they didn’t even ask for,” said Ocasio-Cortez.
“They’re like, ‘We don’t want another fighter jet!’ They’re like, ‘Don’t give
us another nuclear bomb,’ you know?”
In a recent interview with radio host Bill Press, Democratic National Committee
Chairman Tom Perez championed Ocasio-Cortez as “the future of our party.” The
Bronx native-turned-Westchester “it girl,” is a dues-paying member of Democratic Socialists of America’s
New York City chapter, which recently called for the abolishment of profit and
As Breitbart News
previously reported, “The candidate has not endorsed or disavowed on those far-left goals,
but her campaign platform does call for abolishing Immigration and Customs
Enforcement (ICE), establishing universal guaranteed employment, and
single-payer healthcare — i.e., “Medicare for all.””