He really wants to raise taxes. We did the same thing back 15 years ago. We raised taxes three times. We raised taxes on millionaires by 40%. What happened? Our economy went in the ditch [after raising taxes]. We lurked from a deficit to deficit. You know, we raised taxes then and cut services. I'm doing just the opposite. I'm cutting taxes for the middle class in improving services for you. (07:16–07:18)
CLAIM
Asserts that the economy suffered after taxes were raised.
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