Former Starbucks CEO Howard Schultz declined to outline a tax plan of his own at a CNN Town Hall on Tuesday night, while attacking Rep. Alexandria Ocasio-Cortez's proposal to tax income over $10 million at 70 percent. (Photo: CNN)
Feb 12, 2019
It did not take Rep. Alexandria Ocasio-Cortez (D-N.Y.) long to figure out why former Starbucks CEO and "independent centrist" Howard Schultz didn't want to talk about the specifics of higher tax rates on the ultra-wealthy during his CNN town hall Tuesday night.
The reason, she noted on Twitter, is because for billionaires like Schultz "things are already going fine"--and therefore, his real plan for higher taxation on the rich is that there is no plan at all.
\u201cReminder that their plan = no plan.\n\nWhy? Because for billionaires, things are already going fine.\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1550029419
Schultz, who has embarked in recent weeks on a so-called "listening tour" ahead of a potential 2020 presidential campaign, became the second possible candidate to be granted extensive airtime by CNN on Tuesday when the network hosted the Town Hall.
When an audience member pointed out that Schultz has attacked Ocasio-Cortez's proposal to tax income over $10 million at 70 percent to combat income inequality and raise revenue to invest in programs like a Green New Deal, and asked the businessman what his alternative plan would be, Schultz repeatedly avoided specifics.
Assuring the Texas constituent that he believes the wealthy should be taxed at a higher rate, Schultz refused to propose a percentage number for a top marginal tax rate, becoming defensive when CNN host Poppy Harlow pressed him for details.
"I think what's being proposed at 70 percent is a punitive number and I think there are better way to do this," Schultz said. "I don't know what the number is. I think what I'm saying is we need comprehensive tax reform."
Watch:
\u201c"I should be paying more taxes," says Howard Schultz. "And people who make this kind of revenue, and of means, should pay more taxes." #SchultzTownHall https://t.co/2Dk5mSoynY\u201d— CNN (@CNN) 1550028557
Schultz attempted to bolster his argument by claiming that "most people in America" have lost trust in the government and therefore are against spending "twenty or 30 or 40 trillion dollars on a Green New Deal that we can't afford," suggesting that Americans would be opposed to taxing the wealthiest households at a much higher rate to fund the plan.
In fact, polls have found that a majority of Americans support a 70 percent top marginal tax rate and that 80 percent back a Green New Deal.
Critics on social media slammed Schultz for moving toward a major political campaign without taking the time to devise any substantive proposals.
\u201cStrange that @HowardSchultz on @CNN right now could not say what a fair marginal tax rate would be, just that he doesn\u2019t like @AOC\u2019s plan. You\u2019d think he\u2019d have a plan before going on this tour.\u201d— Jennifer Granholm (@Jennifer Granholm) 1550028132
\u201cHoward Schultz refuses to say on CNN what his tax plan would be, only that he opposes 70% marginal tax rate and that the rich should pay more. \n\nSimilar answers on climate: Green New Deal is bad, nothing about his solutions to climate change.\u201d— Igor Bobic (@Igor Bobic) 1550028154
At the Columbia Journalism Review, Jon Allsop wrote that Schultz's lack of any substantive policy proposals should more than disqualify him from receiving more news coverage like CNN's heavily promoted town hall.
"Shutting out uber-wealthy candidates, or at least waiting a minute until they've proven they're serious, isn't censorship or bias--it's the media's responsibility to conserve a level political playing field, organized around substantive issues of concern to the voting public," wrote Allsop.
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It did not take Rep. Alexandria Ocasio-Cortez (D-N.Y.) long to figure out why former Starbucks CEO and "independent centrist" Howard Schultz didn't want to talk about the specifics of higher tax rates on the ultra-wealthy during his CNN town hall Tuesday night.
The reason, she noted on Twitter, is because for billionaires like Schultz "things are already going fine"--and therefore, his real plan for higher taxation on the rich is that there is no plan at all.
\u201cReminder that their plan = no plan.\n\nWhy? Because for billionaires, things are already going fine.\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1550029419
Schultz, who has embarked in recent weeks on a so-called "listening tour" ahead of a potential 2020 presidential campaign, became the second possible candidate to be granted extensive airtime by CNN on Tuesday when the network hosted the Town Hall.
When an audience member pointed out that Schultz has attacked Ocasio-Cortez's proposal to tax income over $10 million at 70 percent to combat income inequality and raise revenue to invest in programs like a Green New Deal, and asked the businessman what his alternative plan would be, Schultz repeatedly avoided specifics.
Assuring the Texas constituent that he believes the wealthy should be taxed at a higher rate, Schultz refused to propose a percentage number for a top marginal tax rate, becoming defensive when CNN host Poppy Harlow pressed him for details.
"I think what's being proposed at 70 percent is a punitive number and I think there are better way to do this," Schultz said. "I don't know what the number is. I think what I'm saying is we need comprehensive tax reform."
Watch:
\u201c"I should be paying more taxes," says Howard Schultz. "And people who make this kind of revenue, and of means, should pay more taxes." #SchultzTownHall https://t.co/2Dk5mSoynY\u201d— CNN (@CNN) 1550028557
Schultz attempted to bolster his argument by claiming that "most people in America" have lost trust in the government and therefore are against spending "twenty or 30 or 40 trillion dollars on a Green New Deal that we can't afford," suggesting that Americans would be opposed to taxing the wealthiest households at a much higher rate to fund the plan.
In fact, polls have found that a majority of Americans support a 70 percent top marginal tax rate and that 80 percent back a Green New Deal.
Critics on social media slammed Schultz for moving toward a major political campaign without taking the time to devise any substantive proposals.
\u201cStrange that @HowardSchultz on @CNN right now could not say what a fair marginal tax rate would be, just that he doesn\u2019t like @AOC\u2019s plan. You\u2019d think he\u2019d have a plan before going on this tour.\u201d— Jennifer Granholm (@Jennifer Granholm) 1550028132
\u201cHoward Schultz refuses to say on CNN what his tax plan would be, only that he opposes 70% marginal tax rate and that the rich should pay more. \n\nSimilar answers on climate: Green New Deal is bad, nothing about his solutions to climate change.\u201d— Igor Bobic (@Igor Bobic) 1550028154
At the Columbia Journalism Review, Jon Allsop wrote that Schultz's lack of any substantive policy proposals should more than disqualify him from receiving more news coverage like CNN's heavily promoted town hall.
"Shutting out uber-wealthy candidates, or at least waiting a minute until they've proven they're serious, isn't censorship or bias--it's the media's responsibility to conserve a level political playing field, organized around substantive issues of concern to the voting public," wrote Allsop.
It did not take Rep. Alexandria Ocasio-Cortez (D-N.Y.) long to figure out why former Starbucks CEO and "independent centrist" Howard Schultz didn't want to talk about the specifics of higher tax rates on the ultra-wealthy during his CNN town hall Tuesday night.
The reason, she noted on Twitter, is because for billionaires like Schultz "things are already going fine"--and therefore, his real plan for higher taxation on the rich is that there is no plan at all.
\u201cReminder that their plan = no plan.\n\nWhy? Because for billionaires, things are already going fine.\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1550029419
Schultz, who has embarked in recent weeks on a so-called "listening tour" ahead of a potential 2020 presidential campaign, became the second possible candidate to be granted extensive airtime by CNN on Tuesday when the network hosted the Town Hall.
When an audience member pointed out that Schultz has attacked Ocasio-Cortez's proposal to tax income over $10 million at 70 percent to combat income inequality and raise revenue to invest in programs like a Green New Deal, and asked the businessman what his alternative plan would be, Schultz repeatedly avoided specifics.
Assuring the Texas constituent that he believes the wealthy should be taxed at a higher rate, Schultz refused to propose a percentage number for a top marginal tax rate, becoming defensive when CNN host Poppy Harlow pressed him for details.
"I think what's being proposed at 70 percent is a punitive number and I think there are better way to do this," Schultz said. "I don't know what the number is. I think what I'm saying is we need comprehensive tax reform."
Watch:
\u201c"I should be paying more taxes," says Howard Schultz. "And people who make this kind of revenue, and of means, should pay more taxes." #SchultzTownHall https://t.co/2Dk5mSoynY\u201d— CNN (@CNN) 1550028557
Schultz attempted to bolster his argument by claiming that "most people in America" have lost trust in the government and therefore are against spending "twenty or 30 or 40 trillion dollars on a Green New Deal that we can't afford," suggesting that Americans would be opposed to taxing the wealthiest households at a much higher rate to fund the plan.
In fact, polls have found that a majority of Americans support a 70 percent top marginal tax rate and that 80 percent back a Green New Deal.
Critics on social media slammed Schultz for moving toward a major political campaign without taking the time to devise any substantive proposals.
\u201cStrange that @HowardSchultz on @CNN right now could not say what a fair marginal tax rate would be, just that he doesn\u2019t like @AOC\u2019s plan. You\u2019d think he\u2019d have a plan before going on this tour.\u201d— Jennifer Granholm (@Jennifer Granholm) 1550028132
\u201cHoward Schultz refuses to say on CNN what his tax plan would be, only that he opposes 70% marginal tax rate and that the rich should pay more. \n\nSimilar answers on climate: Green New Deal is bad, nothing about his solutions to climate change.\u201d— Igor Bobic (@Igor Bobic) 1550028154
At the Columbia Journalism Review, Jon Allsop wrote that Schultz's lack of any substantive policy proposals should more than disqualify him from receiving more news coverage like CNN's heavily promoted town hall.
"Shutting out uber-wealthy candidates, or at least waiting a minute until they've proven they're serious, isn't censorship or bias--it's the media's responsibility to conserve a level political playing field, organized around substantive issues of concern to the voting public," wrote Allsop.
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