Bill de Blasio: Yes, As Democrats We're Supposed To Be For A 70% Top Marginal Tax Rate

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NYC Mayor Bill de Blasio talked about the priorities for the Democratic Party at the first Democratic presidential primary debate Wednesday in Miami.

DIAZ-BALART: Mayor De Blasio, good evening. You're the mayor of the biggest city in the United States, but it's also one of the cities in the country with the greatest gap between the wealthy and the poor. How would you address income inequality?
 
DE BLASIO: Well, we've been addressing income inequality in New York City by raising wages, by raising benefits, by putting money back in the hands of working people, $15 minimum wage, paid sick days, pre-K for all, things that are making a huge difference in working people's lives.
 
But let me tell you, what we're hearing here already in the first round of questions is that battle for the heart and soul of our party. I want to make it clear. This is supposed to be the party of working people. Yes, we're supposed to be for a 70 percent tax rate on the wealthy. Yes, we're supposed to be for free college, free public college, for our young people. We are supposed to break up big corporations when they're not serving our democracy.
 
This Democratic Party has to be strong and bold and progressive. And in New York, we've proven that we can do something very different, we can put money back in the hands of working people. And let me tell you, every time you talk about investing in people and their communities, you hear folks say there's not enough money. What I say to them every single time is, there's plenty of money in this world, there's plenty of money in this country. It's just in the wrong hands. Democrats have to fix that. 



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