People ask when we go out, they want to know why Warren Buffett pays 14% tax rate while they pay 25, 28 or 35%. Or why General Electric and other corporations pay 0%. Can't we pay make the tax code fairer? Absolutely. We have to simplify [the tax code]. It's 70,000 pages. We've got to do away with crony capitalism. And yeah, we knew we need increased revenue, but we got to increase revenue the old fashioned way by growing our economy. (05:20–05:23)
CLAIM
Asserts that the U.S. tax code is 70,000 pages long and needs simplification.
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.
