Hey, we're going to tax people over 400,000. We're going to maximize their income tax, their estate tax, their capital gains tax, all these things. You can only get about a point and a half percent of the GDP of the economy [from taxing people over $400,000]. for us on the conservative side, we want to cut, but if you limit your cuts to only non defense discretionary, you can only get about 1% of GDP. (04:25–04:31)
CLAIM
Asserts that taxing people over $400,000 can only yield about 1.5% of GDP.
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