Transcripts for CNN Joe Biden CNN Presidential Town Hall 202

CNN Joe Biden CNN Presidential Town Hall October 22, 2021 00:13:00

i don't know how the hell they kicked me out. but -- >> ben, what's your question? >> a study shows the top 5% of income earners pay 60% of the income taxes in this country. i hear you repeatedly say that the wealthy are not paying their fair share of income taxes. what is the percentage of income that you believe is fair? >> well, i think what's fair is that the present tax code, the highest tax rate is 35%. number one. okay? number two, you're in a circumstance where corporate america is not paying their fair share. and i come from the corporate state of the world, delaware. more corporations in delaware than every other state in the union combined. okay? now, here's the deal, though. you have 55 corporations, for example, in the united states of america making over $40 billion, don't pay a cent. not a single little red cent. now, i don't care -- i'm a capitalist.

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