Despite the popularity of Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) proposal to raise the marginal tax rate for the wealthiest Americans to 70 percent—House Majority Leader Steny Hoyer (D-Md.) revealed that he has no plans to serve the public interest by pushing for higher taxes for the rich.
“The tactics of insurgents like Ocasio-Cortez may irritate party leaders to no end, but the friction still serves to provide the Democratic Party an actual vision and ideology to govern through the systemic crises in our country: inequality, climate, racism, and oligarchy. They need her.” —Waleed Shahid, Justice DemocratsSpeaking to the news outlet Cheddar, Hoyer scoffed and smirked when asked on Tuesday whether he would support the proposal—even as he undermined his own point, admitting that a 70 percent tax rate for the rich has in fact existed in the U.S. in the past.
Despite his stated view that “we need to get the deficit down” and “pay for our priorities and our needs,” Hoyer claimed that asking Americans making more than $10 million per year—as Ocasio-Cortez proposed—”is not reasonable to attain either politically or frankly, I think, from a policy standpoint.”
Justice Democrats communications director Waleed Shahid compared Hoyer’s statement to “mealy-mouthed Republican-lite talking points in place of a vision of Democratic governance.”
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Hoyer did not elaborate on why he believes the proposal to be unfeasible—an incongruous statement for an idea that 59 percent of Americans supported in a recent poll by The Hill and HarrisX. Though critics have attempted to portray a 70 percent top marginal tax rate as “radical,” even a large number of Republican respondents—45 percent—approved of the proposal, along with 71 percent of Democrats.
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