Ocasio-Cortez is looking at the top that currently DON’T pay their fair share of taxes. That ridiculous tax cut is what has taken money OUT of the pockets of average tax payers by eliminating many of the deductions they relied on. When the top tax rate was higher, there was money for education, a space program, investment in new technology and support for those who needed it.
The proposed 70% would be for income over $10 MILLION. There needs to be investment in renewables; fossil fuel subsidies were put in place over a century ago when it was a new industry; unfortunately they are still in place but somehow there is no money for renewables. That is why China is leading in solar; the “clean rooms” required to manufacture solar panels are a HUGE investment. Trump’s 5 year tariffs on solar panels from China won’t help U.S. manufacturers set-up, it just raises costs for construction.