Not quite sure what this is supposed to be … Alexandria Ocasio-Cortez? If so, it seems Steve Kelley joins Steve Scalise in failing math.
Alexandria Ocasio-Cortez (AOC) attended Boston University (where she infamously did a rooftop dance so obscene that the university showed it on the big screen at sporting events and for freshman orientation). While there, she graduated cum laude with a bachelor’s in international relations and a minor in economics.
Oh, and she is the first person in her family to ever graduate from college.
Oh, and she achieved all this while her Daddy died of cancer while she was at college.
Her numbers add up. The 70% top marginal rate she suggested is the same that JFK proposed before his death and LBJ enacted 10 weeks after his death. It remained in effect from 1964 through the 1980’s, one of the most prosperous eras in American history. Kennedy reduced it from the previous 92% top marginal rate under Eisenhower, under whom the top marginal rate was never below 90% and one of the most prosperous eras of broad-based middle class prosperity in U.S. history.
Steve Scalise whined about taxing 70% of someone’s income. Either he does not understand progressive taxes or is intentionally lying. First, it only applies for incomes over TEN MILLION. Second, as with all progressive taxes (including those under Eisenhower, JFK and LBJ), you only pay the top rate on the PORTION of income in that top tier.
Everyone pays exactly the same rate on the portion of income in each bracket. You only pay the higher rates on the PORTION in each higher bracket.
If Steve Scalise does not understand this, he is unqualified to be a congressman.
If he DOES understand it, he is morally and ethically unqualified.
Same for Steve Kelley.