I will be the greatest jobs president that God has ever created. The tax relief will be concentrated on the working and middle class. I will be president for all Americans.
Donald Trump was tainted every kind of way you could imagine. I mean, no way in the world that Donald Trump is a champion of working people. He has hurt workers in Las Vegas, Atlantic City, Florida, multiple bankruptcies, never showed his taxes. I don't know any good thing this guy's ever done. And yet, because he was able to throw hate and poison on Hillary Clinton, he was able to somehow prevail at least until the Electoral College. I think he was skilled at just sort of, like, keeping the attention on anyone but himself. He is the most outrageous person ever to win a presidential election.
Donald Trump is the first president in more than 40 years not to make his tax returns public. The president says only reporters care about the issue.
In order to make the tough decisions we have to know what our values are and who we're fighting for and our priorities and if we are spending $300 billion on tax cuts for people who don't need them and weren't even asking for them, and we are leaving out health care which is crushing on people all across the country, then I think we have made a bad decision and I want to make sure we're not shortchanging our long term priorities.
Conservatives believe in traditional values. Not because we want to impose our views on anyone, but because to abandon those values would be to ignore our history. Americans are not the most generous people on earth because our laws make us generous. People do not contribute to charity in this country in record amounts because we have a tax break from it. We do so because this nation has been shaped by Judeo-Christian principles that teach us that we have an obligation to care for one another.
The only way major change in environmental policy is going to happen, the only way, is if there is a very strong, very active popular movement that demands it and such a movement would be unparalleled because it would be a popular movement that says, "Raise our taxes so that we change our behavior."
We need to have more taxes, not less, and we need the taxes we have, certainly, to provide services - for defense and education and health care. We should not cut money here in order to cut taxes.
If you have a system that says everybody who needs healthcare gets it and we're going to make sure that it gets paid for by raising your taxes and providing the requirements on individuals where they have the ability to pay, such as we determine as appropriate, then the insurance issue doesn't come up.
Opening a small business is a reasonable thing for you to do but should tax payer, should an ordinary worker have to pay more money in taxes because someone across the street from them opened up a business which might well go under? For a lot of people opening a business is a bad choice for them. Most small businesses fail. I understand people wanting to give it a try and everything but we're not necessarily doing them a favor to say, take all your life savings, borrow to the hilt, and then struggle for three years and end up with nothing. We're not necessarily doing them a favor.
Trump's tax returns - his tax returns showed he went through a very difficult time, but he used the tax code just the way it's supposed to be used. And he did it brilliantly.
By getting rid of loopholes, you are making the system more fair so people who make the same kind of money pay the same taxes.
Most of what we know we don't really know first hand. I've never seen a cancer cell. But I trust this community of experts who have, so I believe that cancer exists. But we trust these experts, and we trust that the experts have a system of checks and balances and self-correction. And we have to insist that experts have certain certifications. They're not perfect. Every once in awhile there's an engine falls off the wing of a plane, or a tax audit happens and you find out your expert made a mistake. But it's a pretty good system. It's the best system we've got.
I do think that Republicans are flirting with their tax cut, which has always been the narcotic of Republicans, that they in fact have to at some point, with any remote pretense of candor, abandon any pretense of a balanced budget.I mean, they talk about - because they are going to finance the tax cut by tax cuts. That's how they're going to do it. And I do think that the will is there right now in the Congress to act. I think they will be as close to unity as you will see on Capitol Hill this year.
Who are we talking about? We're talking about the people that are trying to criminalize Donald Trump. We're talking about the people that are trying to impeach him. We're talking about people who are trying to via innuendo and leak and media assassination, we're dealing with people that are trying to destroy Donald Trump and his press secretary just signaled that they are serious about reaching out to these people to try to get certain things done, legislatively, like infrastructure or tax reform.
I can't see the Democrats working with Donald Trump on tax reform unless the rich get soaked. The thing about this that should be worrisome is that if this alliance happens, if they're not bluffing, if they're serious, and if my scenario gets close, it's not gonna be the Democrats adopting Trump's agenda. It's gonna be the other way around.
We need a wealth tax that on a one-time basis is going to take back at least some small fraction of the great windfall that the upper 1 percent, or 5 percent and pay down the government debt, pay back the federal debt because we can't put this on the next generation or they're going to be buried paying taxes.
I think everybody benefitted from what I am calling a bubble finance system, a bubble economy and if we're ever going to right the system, we're going to have to stop this explosion of the federal debt. We need huge spending cuts, OK? Don't get me wrong, we need to raise regular taxes too but even beyond that it's not going to hurt if we want to reset the system to ask those who have benefitted disproportionately - remember, we got $60 trillion of net worth in the household sector. $45 trillion of that belongs to the top 5 percent.
You've got to have tax reform to get faster economic growth. Faster economic growth is necessary for us to get our debt under control.
Today, a large part of Peru's revenues come from mining. Many big mining companies only pay income tax, but they extract minerals, they pollute the water. They don't give any form of compensation to the regions where those minerals are extracted and where they do the damage, forcing the state to help those regions. What my party Gana Peru is stating is that the mining companies will have to pay that compensation. That is called a royalty.
When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid off, investment increases, and profits are high. Corporate tax rates must also be cut to increase incentives and the availability of investment capital.
Our true choice is not between tax reduction on the one hand and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits.
Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.
If you cut taxes on the rich, they'll get so excited and go into so much busy economic activity, that the economy will grow and your tax revenues will actually rise. So cut taxes, collect more taxes. It is a miracle.
You can't look at the tax cut on a family until you realized how - how much better off they're going to be in a growing economy.
Growth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.
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