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Harry Reid, former Majority Leader in the Democratic Senate, criticized the radical 70 percent proposal of the top tax rate of representative Alexandria Ocasio-Cortez "radical change" does not work in America
(File AP)
Harry Reid, former majority leader in the Democratic Senate, criticized the radical proposal of 70% of the maximum tax rate of the representative Alexandria Ocasio-Cortez, Does not work in America.
Reid, who retired in 2017 after nearly five decades of politics, warned the Democratic Socialist that a sudden radical policy could not stay in place well with the American public who is "very conservative" and who opposes the sudden change.
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to raise taxes a bit, "said Reid at the Nevada Independent." Again, when you talk about 70% and all of this, you have to be careful, because the American people are very conservative in the sense that they do not want radical change quickly, it simply does not work. "[19659008"Ithinkthemessagemustbethatweareacountrythatisgoodthathasalwaysbeengood"hesaid"WearenottalkingaboutmakingAmericagreatagain;wearefinenowAndIthinkwhatweneedtodoismakesurewedoabetterjob"
" Someone might say that we have to raise taxes a little bit. Again, when you talk about 70% and all of that, we have to be careful because the American people are very conservative in that they do not want any sweeping radical change. It just does not work. "
Earlier this month, Ocasio-Cortez proposed funding its proposed" Green New Deal "with a marginal tax rate of 70 % on people earning $ 10 million or more.
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Ten Million Tax Rates Sometimes Reach This does not mean that every $ 10 million is taxed at an extremely high rate, but that means that, while climbing this ladder, you should contribute more, "she said in a statement. CBS "60 Minutes" broadcast.
Reid did not directly mention the name of Ocasio-Cortez, but his reference to the suggested 70% tax This rate made him one of the few renowned Democrats to criticized the proposal as other legislators, including the so-called 2020 candidates, adopt it.
California Senator Kamala Harris, a likely candidate for 2020, has called the tax proposed by Ocasio-Cortez. "Fantastic" and congratulated her for "defying the status quo" during an appearance on "The View" on ABC
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should be discussed, "Harris said. "And I think it's good for the party. I honestly think it's good for the country.
The former head of the Obama administration, Julian Castro, who announced his appointment to the presidency on Saturday, went even further than the MP, citing a tax rate of 90 % on the richest people of the past. 19659008] "Oh, I can support those at the top who are paying their fair share," Castro told ABC News's "This Week" earlier this month after being asked to support his proposal.
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"There was a time in this country where the highest marginal tax rate exceeded 90%," said Mr. Castro, doing the following. praise of Mrs. Ocasio-Cortez's vision. "Even in the Reagan era in the 1980s, it was about 50%," he added.
Adam Shaw of Fox News contributed to this report.
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