Presidential Debate at CNN headquarters, Atlanta GA: on Corporations


Donald Trump: Cutting corporate tax to 21% spurred COVID economy

Q: Your administration approved $8.4 trillion in new debt. While so far, President Biden's has approved $4.3 trillion in new debt. Many of the tax cuts that you signed into law are set to expire next year. You want to extend them and go even further, you say. With the U.S. facing trillion-dollar deficits and record debt, why should top earners and corporations pay even less in taxes than they do now?

TRUMP: Because the tax cuts spurred the greatest economy that we've ever seen just prior to COVID, and even after COVID. It was so strong that we were able to get through COVID much better than just about any other country. Now, the corporate tax was cut down to 21% from 39%, plus beyond that, we took in more revenue with much less tax and companies were bringing back trillions of dollars back into our country. The country was going like never before. We were ready to start paying down debt.

BIDEN: [Taxing] a 1,000 billionaires would raise $500 billion dollars. We'd be able to wipe out his debt.

Source: First Trump-Biden debate, at CNN in Atlanta Jun 27, 2024

  • The above quotations are from First Trump-Biden Debate: 2024 Presidential Election.
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2016 Presidential contenders on Corporations:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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Page last updated: Jul 05, 2024