Name: Watch Hillary Clinton Explain the 'Warren Buffett Rule'
Uploaded: 2016-10-10
Duration: 4 min 34 s

My question is, what specific tax provisions will you change to ensure the wealthiest Americans pay their fair share in taxes? Mr. Trump you have two minutes. Well one thing I'd do is get rid of carried interest. One of the greatest provisions for people like me, to be honest with you. I give up a lot when I run cuz I knock out the tax code. And she could have done this years ago, by the way. She's was a United States senator. She complains that Donald Trump took advantage of the tax code. Well, why didn't she change it? Why didn't you change it when you were a senator? The reason you didn't is that all your friends take the same advantage that I do. And I do. You have provisions in the tax code that frankly we could change. But you wouldn't change it because all of these people give you the money so you can take negative ads on Donald Trump. And I say that about a lot of things. I've heard Hillary complaining about so many different things over the years. We should have done this. But she's been there for 30 years, she's been doing this stuff. She never changed and she never will change. She never Will change. We're getting rid of carried interest provisions. I'm lowering taxes, actually, cuz I think it's so important for corporations. Because we have corporations leaving, massive corporations and little ones. Little ones can't form. We're getting rid of regulations, which goes hand- in- hand with the lowering of the taxes. But we're bringing the tax rate down from 35 % to 15 %. We're cutting taxes for the middle class. And I will tell you, we are cutting them big league. For the middle class. And I will tell you, Hillary Clinton is raising your taxes, folks. You can look at me. She's raising your taxes, really high. And what that's going to do is a disaster for the country. But she is raising your taxes. And I'm lowering your taxes. That, in itself, is a big difference. We are going to be thriving again. We have no growth in this country. There's no growth. If China has a GDP Of seven percent. It's like a national catastrophe. We're down at one percent, and that's like no growth, and we're going lower, in my opinion, and a lot of it has to do with the fact that our taxes are so high. Just about the highest in the world. And I'm bringing them down to one of the lower in the world and I think it's so important. One of the most important things we can do but she's raising everybody's taxes massively. Senator Clinton, you have two minutes to question, what specific tax provisions will you change to ensure the wealthiest Americans pay their fair share of taxes? Well, everything you've heard Just now from Donald is not true. I'm sorry I have to keep saying this, but he lives in an alternative reality. And it is sort of amusing to hear somebody who hasn't paid federal income taxes in maybe 20 years talking about what he's going to do. But I'll tell you what he's going to do. His plan will give the wealthy and corporations, The biggest tax cuts they've ever had. More than the Bush tax cuts by at least a factor of two. Donald always takes care of Donald, and people like Donald, and this would be a massive gift. And indeed, the way that he talks about his tax cuts would end up raising taxes on middle class families. Millions of middle class families. Now here's what I wanna do. I have said nobody who makes less than 250 thousand dollars a year, and that's the vast majority of American's, as you know, will have their taxes raised, because I think we've got to go where the money is, and the money is with people who've taken advantage of every single break in the tax code, and, yes, when I was a senator, I did vote to close corporate loopholes. I voted to close. I think one of the loopholes he took advantage of when he claimed a billion dollar loss that enabled him to avoid paying taxes. I want to have a tax on people who are making a million dollars. It's called the Buffet rule, yes Warren Buffet is the one who has gone out and said, somebody like him should not be paying a lower tax rate. Than his secretary. I wanna have a surcharge on incomes above 5 million. We have to make up for lost times. Because I want to invest in you. I want to invest in hardworking families. And I think it's been unfortunate but it's happened, that since the Great Recession, the gains have all gone to the top. And we need to reverse that. People, like Donald, who paid zero in taxes, zero for our vets, zero for our military, zero for health and education, that is wrong. And we're going to make sure that nobody, no corporation and no individual can get away without paying his fair share to support our country. Mr. Trump, I want to give you