Skip to comments.Here's how Alexandria Ocasio-Cortez would pay for the trillions in new spending she is proposing
Posted on 07/28/2018 7:02:11 PM PDT by SeekAndFind
Democratic socialist Alexandria Ocasio-Cortez appeared on The Daily Show with Trevor Noah and was asked a simple question that any politician worth his salt would hit out of the park for a home run.
How was she going to pay for the trillions of dollars in spending for all the free stuff she was proposing?
"This is an excellent, excellent question," she replied. "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 – 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."
Two trillion a year? Over five years? Ten? Just two of her agenda items – taxpayer-funded college tuition for all ($75 billion a year) and Medicare for all ($1.4 trillion a year) would cost more than the GOP tax cuts save over the next year. And that's not including all the other free stuff she wants to hand out.
She also said it would take $3 trillion to $4 trillion and a carbon tax to create a "renewable energy economy" and claimed the Trump tax cut bill prevents the wealthiest Americans from paying "their fair share."
"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," she continued.
(Excerpt) Read more at americanthinker.com ...
“Air Head?” More like brain dead.
What an insult to people that have a brain. She qualifies for a dumberer award. Besides which having a Nobel prize just doesn’t carry the same pinnache it used to. No, really. Oxxxx, man bear pig......
Thanks for the gift, Dems.
She would do less harm to the Republic as a two-bit whore on Times Square, than as a congressthing.
It would be best for her to enjoy the 15 minutes of fame and shut up and lose gracefully.
C’mon, we know you’re dying to say it => “Just add a zero to all the currency!”
we can just tax ourselves into prosperity.
look at all the countries that have done so.
Tax the rich,
feed the poor,
‘til there are
no rich no more
Shes an economic major doncha know.
Lose? She has no opponent. She will be the next congressional representative for NY-14. She's going to DC.
I sat down with a Nobel Prize economist last week
...seems she should be able to remember the name
Nationalize the Fortune 500 companies, raise the average marginal tax rate to 60% with 90% for the top bracket and confiscate all savings and retirement accounts over $150,000 and that wouldn’t pay for the first year of these giveaways. Year 2 would be a real problem as the US economy would be wrecked by the first year.
Who the hell is this Nobel Prize economist? Of course con artist Ocasio-Cortez is not going to name this Nobel Prize-winning economist. People would find that this economist is either a socialist (a big disqualifyer) or not qualified in any way to make any comments about the U.S. economy.
Your illustration is so good.
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