CNBC’s John Harwood sat down with Rep. Maxine Waters, D-Calif., to talk about taxes and whether the rich should pay more. Here’s what she said.
John Harwood: Do you think a system could be fair with a 70 percent top marginal rate?
Maxine Waters: I know that that would be very different in the way that it is looked at now, but don’t forget we have heard stories about secretaries paying more than their rich bosses. That’s not right. What is right is that we have a tax system that taxes you based on the amount of income that you make. I know that the top one percent or so was advantaged. And I know that major corporations and businesses really did reap a lot of benefits from that tax reform.
You know what I’m worried about? I’m worried about that Joe Blow that goes to work every day and he’s making $50/60/70,000 for their family and maybe they get behind and maybe they owe $10-15,000 that they need to work out payments with the IRS and they’re pounded. And people like Mr. Trump, who won’t show his tax returns, is able to manipulate the IRS so he’s never really called to task, and he’s able to take those laws and make sure that he works them in such a way that they’re to his advantage.