Trump: Increase Taxes for the Rich and Lower Them for the Middle Class

In a recent interview, presidential candidate Donald Trump spoke of the tax code, Trump told hosts Mark Halperin and John Heilemann of Bloomberg TV’S “With All Due Respect," “I would change it. I would simplify it. You’ve seen my statements, I do very well, I don’t mind paying some taxes."

He went on to specifically state “I would take carried interest out, and I would let people making hundreds of millions of dollars-a-year pay some tax, because right now they are paying very little tax and I think it’s outrageous. I want to lower taxes for the middle class. That’s right. That’s right. I’m OK with it. You’ve seen my statements, I do very well, I don’t mind paying some taxes. The middle class is getting clobbered in this country. You know the middle class built this country, not the hedge fund guys, but I know people in hedge funds that pay almost nothing and it’s ridiculous, OK?”

With regard to the nation's debt ceiling, Trump said “I would say that it’s worth the fight, because honestly there’s so much fat in Washington, that if you had the right people in there you could cut it and there would be no problem." When what he thought his chances of winning the presidency were, he responded “Let’s say maybe 25 or 30 percent. If you’re conservative, I’m conservative."

Photo: Michael Vadon

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