First US Presidential Debate Page #2

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But we have to stop our jobs from being stolen from us. We have to stop our companies from leaving the United States and, with it, firing all of their people. All you have to do is take a look at Carrier air conditioning in Indianapolis. They left — fired 1,400 people. They’re going to Mexico. So many hundreds and hundreds of companies are doing this.

TRUMP:
We cannot let it happen. Under my plan, I’ll be reducing taxes tremendously, from 35 percent to 15 percent for companies, small and big businesses. That’s going to be a job creator like we haven’t seen since Ronald Reagan. It’s going to be a beautiful thing to watch.

Companies will come. They will build. They will expand. New companies will start. And I look very, very much forward to doing it. We have to renegotiate our trade deals, and we have to stop these countries from stealing our companies and our jobs.

HOLT:
Secretary Clinton, would you like to respond?

CLINTON:
Well, I think that trade is an important issue. Of course, we are 5 percent of the world’s population; we have to trade with the other 95 percent. And we need to have smart, fair trade deals.

We also, though, need to have a tax system that rewards work and not just financial transactions. And the kind of plan that Donald has put forth would be trickle-down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than we’ve ever had.

I call it trumped-up trickle-down, because that’s exactly what it would be. That is not how we grow the economy.

We just have a different view about what’s best for growing the economy, how we make investments that will actually produce jobs and rising incomes.

I think we come at it from somewhat different perspectives. I understand that. You know, Donald was very fortunate in his life, and that’s all to his benefit. He started his business with $14 million, borrowed from his father, and he really believes that the more you help wealthy people, the better off we’ll be and that everything will work out from there.

I don’t buy that. I have a different experience. My father was a small-businessman. He worked really hard. He printed drapery fabrics on long tables, where he pulled out those fabrics and he went down with a silkscreen and dumped the paint in and took the squeegee and kept going.

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