ABC This Week interviews during 2015: on Tax Reform

Bernie Sanders: Tax increases may affect more than top 1%

SANDERS: We have to tax Wall Street speculation. When you see the rich's effective tax rates is lower than the effective tax rates of truck drivers, then the wealthy have got to pay more. We'll end the loophole that allows large corporations to stash their money in the Cayman Islands and avoid paying federal income taxes. We'll raise the estate tax so that billionaires end up paying more in taxes.

Q: Previously, you said that 90% marginal rate is not too high. So how high are you willing to go on that top marginal rate?

SANDERS: We'll come up with that rate but it will be a lot higher than it is right now.

Q: But to pay for all of your programs,

Donald Trump: Estate tax is unfair double taxation

TRUMP: The estate tax is a horrible weapon that has destroyed many families. In particular, farms and things where they make an income and they have a certain value and they have to go out and borrow money and they put mortgages on their farm. Let's say it's a business that's not very liquid, and people have to go out and borrow against the business, you are having travesty. And the other thing is, it's a double taxation. The tax has already been paid. I mean you've been hearing this argument for many years.

Donald Trump: Do away with carried interest; it's unfair

TRUMP: It will cost me a lot of money. I have carried interest, like a lot of other people do, and carried interest is a wonderful thing, but it's unfair.

Q: But that's $20 billion over 10 years for everyone who has it. That's a small--

TRUMP: But it's psychologically so important. If the economy grows, we all make it up. I mean, frankly, the job producers make it up.