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Gavin Newsom: “Another $8.4 trillion went to the debt under [the] Trump…”

Featuring: Gavin Newsom, Democratic | Governor of California

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 18:02

That's the tough fights we're going to have to have. I mean and to be fair, so people understand and it's not an indictment to your point about both parties, but you know, Another $8.4 trillion went to the debt under [the] Trump administration. And to be fair, Covid had a huge part of that, but it's 3 trillion even before COVID hit to your point. And I remember talking, by the way, you'll appreciate this, Steve. (18:02–18:07)

CLAIM

Asserts that $8.4 trillion was added to the national debt during the Trump administration.

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.

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Gavin Newsom

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“You've been pretty critical about the proposed tax, the extension of the existing tax cuts that disproportionately favor the wealthiest.”
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“His current proposal doesn't add up then in that respect blows the deficit and continues those corporate tax cuts and continues the tax cuts…”
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“It's 3 trillion even before COVID hit.”
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“Moderate the income taxes for middle class working folks.”
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“We doubled another 25% back to aluminum steel.”
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“On tariff policy, it seems a little chaotic. There's no stability. The markets are reflecting that.”
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“You want to see it increased on corporations in the 1%.”
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