Alexandria Ocasio-Cortez Proposes 70% Taxation to Pay for ‘Green New Deal‘

Newly-installed Rep. Alexandria Ocasio-Cortez (D-NY) is calling for 70% taxation on the wealthy as a way to pay for her “Green New Deal,” which proposes to use government to create new jobs by investing in renewable energy.

In an interview set to air Sunday on CBS News’ 60 Minutes, Ocasio-Cortez — who has begun referring to herself by the nickname, “AOC” — told Anderson Cooper that the “Green New Deal” would “require a lot of rapid change that we don’t even conceive as possible right now,” including raising taxes to a marginal rate of 70%, as in the 1960s.