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WASHINGTON, D.C .— New York Democratic Rep. Alexandria Ocasio-Cortez knows Republicans take issue with her 70-percent marginal tax rate proposal on the wealthiest Americans, but New Jersey Democratic Rep. Bill Pascrell called her plan “comical” on Thursday.
“I thought it was comical. We can have reasonable taxation. And then you can send signals that we’re just going to go after people who have a few dollars. We don’t want to stop people from making money. What we want to do is make sure everybody’s paying their fair share. And I’m not speaking for (Ocasio-Cortez),” Pascrell told reporters when asked about the New York Democrat’s tax plan.
Rep. Alexandria Ocasio-Cortez (D-NY) waits for a ceremonial swearing-in picture on Capitol Hill in Washington, U.S., January 3, 2019. REUTERS/Joshua Roberts.
Apparently, she feels that those folks would be paying their fair share if they paid 70 percent. Now, we did have a tax rate if you go back when JFK — before JFK was the president of the United States. We had a tax rate up here for those people that she’s talking about. Those economic situations are different than today’s economic situation. It might have been more apropos of them than it is now. I don’t accept that.
Pascrell explained he wants to put a fair tax reform in place and said he opposed the Republican-passed tax reform bill passed one year ago in December. (Related: Ocasio-Cortez Says Better To Be ‘Morally Right’ Than ‘Factually’ Correct)
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