Published: Wed, January 16, 2019
Business | By Pearl Harrison

Ocasio-Cortez should worry markets, Horizon’s chief global strategist says

Ocasio-Cortez should worry markets, Horizon’s chief global strategist says

Valliere says there's little chance that the committee will spur new legislation aimed at adding more regulations on the financial sector, but he warns that as a member of the House Financial Services Committee with subpoena power, Ocasio-Cortez can "make life miserable for industry execs with endless hearings".

"Financial Services is one of just four exclusive committees in the House".

Rep. Alexandria Ocasio-Cortez mocked her critics in a Washington Post interview, telling them to "enjoy being exhausted for the next two years while we run train on the progressive agenda".

In that same interview, Ocasio-Cortez advocated for a higher top marginal income tax rate on the most wealthy taxpayers - floating a 60 or 70 percent on income over $10 million as one possibility.

On Monday, Donald Trump dismissed pot-shots fired by Ms Ocasio-Cortez, after she called the president "racist".

"It's all hands on deck for our democracy right now", she said, urging people to take a chance and be an agent for change.

Per Bloomberg, those names include Alexandria Ocasio-Cortez (N.Y.), Rashida Tlaib (Mich.), Katie Porter (Calif.) and Tulsi Gabbard (Hawaii).

A new poll conducted by The Hill-HarrisX indicates a broad degree of support for Ocasio-Cortez's proposal to increase the upper tax bracket in the United States to 70 percent - something she claims is nothing new for America.

"I'm looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking", Ocasio-Cortez tweeted late Tuesday.

She became the youngest woman elected to Congress, representing New York's 14th congressional district in the Bronx and Queens after upsetting a longtime Democratic incumbent.

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