MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Tax Hike’

EconomicPolicyJournal.com: And the Biden Tax Hike Proposals Begin

Posted by M. C. on January 23, 2021

https://www.economicpolicyjournal.com/2021/01/and-biden-tax-hike-proposals-begin.html

Pete Buttigieg, President Joe Biden’s nominee to lead the U.S. Department of Transportation, this morning told a Senate panel considering his appointment that it’s crucial the country invests in strengthening transportation infrastructure nationwide.

And he launched the first suggestion for a tax hike. This one a gas tax:

Buttigieg talking about increasing the gas tax on Day 2 of Biden admin.— Philip Melanchthon Wegmann (@PhilipWegmann) January 21, 2021

RW
UPDATE

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EconomicPolicyJournal.com: Alexandria Ocasio-Cortez Proposes Massive Tax Hike on the Wealthy

Posted by M. C. on January 6, 2019

Someone should tell her the upper 20% of taxpayers pay 80% of the taxes. The lower 50% of the citizenry pay nothing or get “free government money” back.  Pareto’s law.

http://www.economicpolicyjournal.com/2019/01/alexandria-ocasio-cortez-proposes.html#more

Alexandria Ocasio-Cortez Proposes Massive Tax Hike on the Wealthy

The 29-year old congresswoman, Alexandria Ocasio-Cortez, who just took office, says tax rates for the nation’s wealthiest should increase to as much 70 percent to fund a new initiative to combat climate change — even if that means she’s labeled a “radical.”

“If that’s what radical means, call me a radical,” she said in an interview with CBS’ “60 Minutes” that will air in full on Sunday.

“That is the goal. It’s ambitious,” she said. “It’s going to require a lot of rapid change that we don’t even conceive as possible right now. What is the problem with trying to push our technological capacities to the furthest extent possible?”

The plan could include “an element where people are going to have to start paying their fair share in taxes.”

“You know, you look at our tax rates back in the ’60s, and when you have a progressive tax rate system, your tax rate let’s say from zero to $75,000 may be 10 percent or 15 percent, etc.,” Ocasio-Cortez said.

“But once you get to the tippy-tops

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