Alexandria Ocasio-Cortez and Ed Markey to unveil ‘Green New Deal’ bill
CNNCNN — Democratic Sen. Ed Markey of Massachusetts has been working with freshman Democratic Rep. Alexandria Ocasio-Cortez of New York on “Green New Deal” legislation that will be unveiled soon, an aide to Markey confirmed to CNN on Thursday. The idea of a “Green New Deal” has, in just a few months, become a central piece of Ocasio-Cortez’s agenda – as well as other progressive Democrats – and attracted the attention of ambitious national Democrats. “I am thrilled to see so many of the potential 2020 presidential candidates embracing the idea of a Green New Deal,” Ocasio-Cortez told CNN earlier this month. But they argue a combination of tax hikes on the super wealthy – Ocasio-Cortez has floated a 70% rate on income over $10 million – and cuts to fossil fuel industry subsidies and military spending, in addition to the stimulative effects of the new public spending would offset any cost.