• 3 days ago
If you haven't made up your mind yet, here's where Donald Trump and Joe Biden stand on taxes.
Transcript
00:00What happened is, I came, I said I was going to cut your taxes.
00:04We gave you the biggest tax decrease in history.
00:07I'm not going to raise taxes on anyone who makes less than $400,000 a year.
00:13You won't pay a penny more, I guarantee you.
01:00We will cut taxes further, and we're cutting taxes for the middle class,
01:10we're cutting taxes for people that need jobs,
01:13and nobody's ever done it at a level like we've done it.
01:30Biden's going to raise your taxes.
01:32Once again, flat, unadulterated lie.
01:37No one who makes less than $400,000 a year will pay a penny more.
01:44If you make more than that, you're going to start paying at the rate you paid
01:47under the administration of George W. Bush.
02:00I called my accountants, underwrote it.
02:18I'm going to release them as soon as we can.
02:20I want to do it, and it'll show how successful, how great this company is.
02:26This is a president.
02:27I have released all of my tax returns.
02:2922 years.
02:30Go look at them.
02:3122 years of my tax return.
02:33You have not released a single solitary year of your tax return.
02:37What are you hiding?
02:38Why are you unwilling?
02:55It's a payroll tax.
03:02It's called a payroll tax cut.
03:04We're cutting the payroll tax, and it's a very large number,
03:08and that will go directly to the workers of the company.
03:20I provided up to $400 a month in continued relief.
03:24I froze student loan payments, stopped evictions, suspended payroll taxes.
03:38The president's talking about eliminating the withholding tax.
03:44Well, that's wonderful, except for one thing.
03:47The actuary at Social Security said if that plan goes through,
03:50Social Security will be bankrupt by 2023.
04:20We're looking at also considering a capital gains tax cut,
04:37which would create a lot more jobs,
04:40so we're looking very seriously at a capital gains tax cut
04:44and also at an income tax cut for middle-income families.
04:51We're looking at expanding the tax cuts that we've already done.
05:02It means making sure the wealthiest Americans don't get to pay at a lower tax rate
05:07because they're making money on their investments,
05:10but they pay at the same rate that they pay for their salary.
05:15These changes in the tax code will raise the money
05:18that will allow me to invest in working people and growing the middle class.

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