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Daily Tax Report: International

Ocasio-Cortez Buzz Hits Davos With Talk of 70% Tax-Rate Plan (1)

Jan. 22, 2019, 12:13 PMUpdated: Jan. 22, 2019, 5:05 PM

She may not be in Davos, but Alexandria Ocasio-Cortez’s influence is already being felt on the slopes of the Swiss Alps.

Three weeks after the congresswoman from New York called for an income tax rate of as much as 70 percent on the wealthiest Americans, billionaire investor Ray Dalio suggested that the idea may have legs in the run-up to the U.S. presidential election.

Alexandria Ocasio-Cortez
Photographer: Jeenah Moon/Bloomberg

Discussing the outlook for a slowing world economy, Dalio said that next year will see “the beginning of thinking about politics and how that might affect economic policy beyond. Something like the talk of the...

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