… about corporate taxes or we talk about taxing the wealthy, which is I think if I remember my first first term and budget seven years ago, the math was said If you taxed the wealthiest 1%, 115% of their income, that still didn't even come close to beginning to reducing the national debt. The numbers don't match. It's a nice sound bite to play, but the math doesn't work. So I'd like to hear from whoever wants to offer comment on the following statement. (02:06–02:38)
CLAIM
Asserts that taxing the wealthiest 1% at 115% of their income would not significantly reduce the national debt.
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.
