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Steve Bannon: “I want them to go back to the old rates and they have to pay…”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 54:28

You want to see it increased on corporations in the 1%. I want to see corporations stay. I don't want to see a cut. But on the upper brackets, I don't want to see extension. I want them to go back to the old rates and they have to pay the old rates. And then additionally, if they can't help us get this under control, I'm all for increasing taxes on the, they will have a tax increase if President Trump doesn't extend it, but then I think we'll have another, have another tax increase. (54:28–54:32)

CLAIM

Asserts that upper tax brackets should revert to previous tax rates.

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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Steve Bannon

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“Goldman Sachs got bailed out. AIG, no corporate guys ever went to prison on the worst bailout.”
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“The Federal Reserve's balance sheet went from $880 billion to I think, four and a half [trillion].”
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“President Trump won the 2020 election.”
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“I think President Trump's hemisphere the shift to hemispheric defense, which is from Greenland to the Panama Canal.”
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“We don't have a revenue problem. We have a spending problem.”
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“The bond market has turfed out more governments than howitzers.”
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“Kids from California are not going to be on carrier battle groups [in the Red Sea] to keep the Suez Canal open.”
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