But it does not have to be this way. We can close these billionaire tax loopholes. We can make billionaires pay their fair share so that we can cut our taxes. I today am proposing a plan to close these billionaire tax loopholes. We're going to ban using tax write offs for luxury items like private jets. We're going to close the carried interest loophole. We're going to end the buy borrow die loophole. (02:36–02:42)
CLAIM
Asserts that James Talarico is proposing a plan to close tax loopholes for billionaires.
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.
