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Ocasio-Cortez on Taxing the Rich: Why Not Take Both Their Income and Their Savings?

Ocasio-Cortez on Taxing the Rich: Why Not Take Both Their Income and Their Savings?

“¿Por qué no los dos?”

After a CNN article compared the different tax-hike plans proposed by Rep. Alexandria Ocasio-Cortez and Sen. Elizabeth Warren, the New York congresswoman offered a compromise: Why not both?

The two lawmakers are currently spearheading the call for a progressive overhaul to the US tax system. But CNN economic and healthcare reporter Tami Luhby highlighted the differences: Ocasio-Cortez said she wishes to bringing back a pre-Reagan bracket taxing 70 percent of annual income above $10 million, while the Massachusetts senator proposed to raise the tax rate (by 2-3 percentage points) on the wealth of the top 0.1 percent of richest households.

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Lubhy also noted that unlike Warren, a presidential hopeful and a former Harvard professor for law and economics, Ocasio-Cortez never offered details on how much revenue would be generated by her tax plan, or what would be the economic consequences of her precipitous hike.

Tweeting back at Lubhy, Ocasio-Cortez wrote,”¿Por qué no los dos?” (“why not both?”), adding a winking emoticon.

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The response, which on its face reads like a troll-y bait for conservatives (down to the masterful touch of gratuitous identity politics), was cheers by Ocasio-Cortez’s followers.


Although some were more triggered by the CNN article, infuriated that a journalistic outlet would dare to analyze and compare Democrats’ tax plans.


That must have hit a delicate spot — just check out all the upper-case words.

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Cover image: Then-congressional candidate Alexandria Ocasio-Cortez with her campaign team in the Bronx, New York, on May 21, 2018. (Instagram)



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