'We have heard stories about secretaries paying more than their rich bosses. That is not right,' Rep. Maxine Waters discussed an increased tax on the ultra-wealthy with JohnJHarwood earlier this year.
CNBC's John Harwood sat down with Rep. Maxine Waters, D-Calif., new chairwoman of the House Financial Services Committee, to talk about taxes and whether the rich should pay more. Here's what she said.Your new colleague, Alexandria Ocasio-Cortez, who's going to be on your committee. She's talked about a 70 percent top marginal rate. There was a question about that at the Davos Conference the other day, and everyone in the room laughed like that was a ridiculous idea.
I know that that would be very different in the way that it is looked at now, but don't forget we have heard stories about. That's not right. What is right is that we have a tax system that taxes you based on the amount of income that you make. I know that the top 1 percent or so was advantaged. And I know that major corporations and businesses really did reap a lot of benefits from that tax reform.
You know what I'm worried about? I'm worried about that Joe Blow that goes to work every day and he's making $50-60-70,000 for their family and maybe they get behind and maybe they owe $10-15,000 that they need to work out payments with the IRS and they're pounded. And people like Mr.
Correction: This story was updated to reflect the correct spelling of Alexandria Ocasio-Cortez's name.
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