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.
JohnJHarwood Yep I paid more than my relatives who both work
JohnJHarwood I don't think she understands we tax income, not wealth in this country
JohnJHarwood I've heard stories of fairytale princesses and dragons but that doesn't mean we need to deploy an army of knights in shining armor to defeat them… Fairytales WishMagic ElectroshockMonkeyTheatre TheDemocrats
JohnJHarwood Wow, she is really lost.
JohnJHarwood Everyone has same tax code, dummy! If ur too stupid to take advantage, your fault. Lets see her tax payments, these pols write tax code with loopholes in them for their own benefit. Its probably their no 1 priority.
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