What we have to do is we have to join every other advanced The people at the top end of the income scale consume a lot more, and you can actually make the VAT so it falls more heavily on luxury goods as opposed to consumer staples. So, the way for us to get this money is really to go to where the money is, and where the money is is in the hands of the Amazons and the Googles and Facebooks of the world.
A: Infrastructure is an economic need. I have the funding, I've shown how I can get this plan done, and as president I will get it done.
Q: You want to raise the corporate tax rate, which the Republicans just cut. That might be a heavy lift.
A: Look at what they did, they went down to 21 percent and every point if even to put it at 25 percent, which is a significant decrease from where it was, we would bring in $400 billion to pay for roads and bridges and levies and schools. That's a lot of money. Or how about the way they did the overseas income where they took an average rate instead of assessing it for each country. If we went back to each country, $150 billion in savings.
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| 2020 Presidential contenders on Tax Reform: | |||
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Democrats running for President:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Mayor Mike Bloomberg (I-NYC) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Gov.Lincoln Chafee (L-RI) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Amy Klobuchar (D-MN) Gov.Deval Patrick (D-MA) Sen.Bernie Sanders (I-VT) CEO Tom Steyer (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Rep.Justin Amash (L-MI) CEO Don Blankenship (C-WV) Gov.Lincoln Chafee (L-RI) Howie Hawkins (G-NY) Gov.Jesse Ventura (I-MN) |
Republicans running for President:
V.P.Mike Pence(R-IN) Pres.Donald Trump(R-NY) Rep.Joe Walsh (R-IL) Gov.Bill Weld(R-MA & L-NY) 2020 Withdrawn Democratic Candidates: Sen.Stacey Abrams (D-GA) Mayor Bill de Blasio (D-NYC) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Jay Inslee (D-WA) Mayor Wayne Messam (D-FL) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Adm.Joe Sestak (D-PA) Rep.Eric Swalwell (D-CA) | ||
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