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Ocasio-Cortez and Markey announce Green New Deal legislation



Rep. Alexandria Ocasio-Cortez, DN.Y., and Sen. Ed Markey, D-Mass., Are preparing to launch the "Green New Deal" legislation, which is a big step forward in implementing a massive package of big government represents programs for the radical transformation of the American economy.

Axios reported for the first time that lawmakers could introduce a law next week, even though the details are vague and it is unclear to what extent the proposal would remain on a draft document by Ocasio-Cortez A spokesman for Markey confirmed to Fox News that the two legislators work together – on a proposal that has evolved into a rally call for the left.

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While there is no legal text available for the Markey / Ocasio-Cortez proposal, the draft circulated by Ocasio-Cortez provided for extensive government expansion that dwarfed FDR's New Deal s described it as "a just wartime economic mobilization plan to get 1

00% renewable energy."

To address the challenges of income inequality and climate change, the draft text called for the creation of a selected committee Create a plan and set a framework that includes the elimination of greenhouse gas emissions from production and agriculture, while energy sources are "dramatically" be expanded to cover 100 percent of electricity needs from renewable sources. The text calls it a "historic opportunity to virtually eliminate poverty in the United States and provide wealth, prosperity and economic security to all who participate in the transformation."

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The plan goes far beyond environmental measures, but offers a laundry list with left-wing promises such as a job guarantee program, basic income programs, a general health care, and others as a selection committee. It may be appropriate to economic security to promote flexibility in the labor market and entrepreneurship. "

In order to cover the likely high cost, it provides for funding" by the Federal Government with a combination of the Federal Reserve a new public bank or a system of regional and specialized public banks, public venture capital funds and other vehicles or structures Keep the selected committee fit To ensure that interest and other investment returns on public investment made in connection with the plan are returned to the Treasury, taxpayer burdens are reduced and more investments made possible.

As things stand, such a proposal would be almost dead on arrival in the Republican-controlled Senate, and possibly in the House – though it is not clear whether a majority of Democrats would support a plan. It is possible, however, that the plan proposed by Markey and Ocasio-Cortez could be a downsized version.

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The broader idea of ​​a Green New Deal, once an idea on the sidelines of the party, has gained mainstream Democratic support – a sign that the Democratic Party has been in the past Years ago has beaten to the left.

An analysis of Fox News this month showed that at least eight potential and current Democratic 2020 candidates have voiced their support or advertised aspects of the proposal – including Sens. Elizabeth Warren, D-Mass., And Cory Booker, DN.J ,


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