And there will be people who can tell you that, oh, if Republicans just raised taxes on the rich, we could solve the problem. The reality is that Joe Biden's billionaires tax would only generate $50 billion a year and we are $2,000 billion dollars a year upside down. There are people who want these cuts to come only from discretionary spending. You know as well as I do that you could literally zero out non defense discretionary spending and you wouldn't even cut the deficit annually in half. (04:10–04:21)
CLAIM
Asserts that Biden's billionaires tax would generate $50 billion annually against a $2 trillion deficit.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
