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Schultz Cites Ocasio-Cortez as Why He’s Not a Democrat

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Billionaire former Starbucks CEO Howard Schultz told CNBC that he can’t run for president as a Democrat because he doesn’t like Rep. Alexandria Ocasio-Cortez’s (D-NY) proposal to slap a 70-percent marginal tax rate on income above $10 million.

Said Schultz: “I respect the Democratic Party. I no longer feel affiliated because I don’t know their views represent the majority of Americans. I don’t think we want a 70 percent income tax in America.”

He added: “If I ran as a Democrat, I would have to say things that I know in my heart I do not believe, and I would have to be disingenuous.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

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Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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