Alexandria Ocasio-Cortez Sparks Debate Over 70 Percent Marginal Tax Rate

Rep. Alexandria Ocasio-Cortez has proposed a 70% tax on earnings over $10 million, drawing debate across the aisle as well as within the Democratic party over where the government should raise revenue. Some have criticized the new lawmaker for taking too drastic an approach, while others note that the top tax rate has been higher or just as high in the past.