Democratic party phenom and socialist NY Congressional candidate Alexandria Ocasio-Cortez appeared on The Daily Show Thursday night and was asked by host Trevor Noah how she plans to pay for her agenda:
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. That’s two trillion dollars in ten years.
If we get people to pay their fair share, that’s $2 trillion in ten years. Now if we implement a carbon tax on top of that, so that we can transition and financially incentivize people away from fossil fuels, if we implement a carbon tax — that’s an additional amount, a large amount of revenue that we can have.
Then the last key, which is extremely extremely important is re-prioritization. Just last year we gave the military a $700 billion budget increase, which they didn’t even ask for,” she said. “They’re, like, ‘we don’t want another fighter jet!’ They’re, like, ‘don’t give us another nuclear bomb,’ you know?