Multi Million Dollar advertising campaigns. Multi Million Dollar advertising campaigns. President bidens campaigns. President bidens Campaign Team will be keen for him to articulate what they see as the dangers of electing trump to a second term. Meanwhile, the Trump Campaign says it will attack the president on his record and question whether , if record and question whether, if re elected, he would even make it for four more years. Well, its about to get underway. So lets cross live now to atlanta and the coverage from cnn , an and the coverage from cnn, an international cnn. Com, cnn, max and cnn espanol. This is a Pivotal Moment between President Joe Biden and former President Donald Trump in their rematch for the nations highest office. Each will make his case to the american people. With just over four months until election day. Good evening. Im dana bash, anchor of cnns inside politics and co anchor of state of the union. Im jake tapper, anchor of cnns the lead and co anchor of state of the union. Dana and i will co moderate this evening. Our job will co moderate this evening. Ourjob is will co moderate this evening. Our job is to facilitate a debate between the two candidates tonight before we introduce them, we want to share the rules of the debate with the audience at home. Former President Trump will be on the left side of the screen. President biden will be appearing on the right. A coin toss determined their positions. Toss determined their positions. Each candidate will have two minutes to answer a question and one minute each for responses and rebuttals , an additional and rebuttals, an additional minute for follow up clarification or response is at the moderators discretion. The moderators discretion. When its time for a candidate to speak, his microphone will be turned on and his opponents microphone will be turned off. Should a candidate interrupt when his microphone is muted, he will be difficult to understand. For viewers at home. At the end of the debate, each candidate will get two minutes for closing statements. There is no studio statements. There is no studio audience tonight. Pre written audience tonight. Pre written notes, props or contact with Campaign Staff are not permitted dunng Campaign Staff are not permitted during the debate by accepting our invitation to debate, both candidates and their campaigns agreed to accept these rules. Now, please welcome the 46th president of the United States, joe biden. Joe biden. Hello. How are you. 7 great to hello. How are you. 7 great to be here. Hello. How are you . Great to be here. Thank you. Be here. Thank you. And please welcome the 45th president of the United States, donald trump. Gentlemen, thanks so much for being here. Lets begin the debate and lets start with the issue that voters consistently say is their top concern. The economy. President biden, economy. President biden, inflation has slowed, but prices remain high since you took office. The price of essentials has increased. For example, a basket of groceries that cost 100. Then now costs more than 120, and typical home prices have jumped more than 30. What do you say to voters who feel they are worse off under your presidency than they were under President Trump . Weve got to take a look at what i was left when i became president and what mr trump left me. We had an economy that was in freefall. The pandemic was so badly handled, many people were dying. All he said was , its not dying. All he said was, its not that serious. Just inject a little bleach into your arm. Youll be all right. The economy collapsed. There were no jobs. Unemployment rate rose to 15. It was terrible. And so what we had was terrible. And so what we had to do was try to put things back together again. And thats exactly what we began to do. We created 15,000 new jobs. We brought out the position where we have 800,000 new manufacturing jobs, but theres more to be done. Theres more to be done. Working class people are still in trouble. I come from scranton, pennsylvania. I come of household. Where . At a kitchen table. If the things werent able to be met during the month, it was a problem. The price of eggs, the price of gas, the price of housing, the price of a whole range of things. Thats why im working so hard to make sure i deal with those problems. And were going to make sure that we reduce the price of housing. Were going to make sure we build to 2 million new units. Were going to make sure we cap rents so corporate greed cant take over the combination when i was left with. And corporate greed is the reason why were in this problem, right now. In addition to that, were in a situation where if you take a look at all that was done in his administration, he didnt do much at all. By the time he left, there were things were in chaos, literally chaos. And so we put things back together. We created i said those jobs. We made sure we had a situation where we now we brought down the price of prescription drugs, which is a major issue for many people to 15 for a insulin shot as opposed to 400. No senior has to pay more than 200 for any drug. All the drugs they can include beginning next year in a situation that were going to make that available to everybody, to all americans. So were working to bring down the price of around the kitchen table, and thats what were going to get done. Thank you, President Trump. Thank you, President Trump. We had the greatest economy in the history of our country. We have never done so well. We every everybody was amazed by it. Other countries were copying us. We got hit with covid. And when we did, we spent the money necessary so we wouldnt end up in a great depression. The likes of which we had in 1929 by the time we finished. So we did a great job. We got a lot of credit for the economy, a lot of credit for the economy, a lot of credit for the military and no wars and so many other things. Everything was rocking good, but the thing we never got the credit for, and we should have, is getting us out of that covid mess. He created mandates. That was a disaster for our country. But other than that, we had we had given them back a country where the stock market actually was higher than pre covid and nobody thought that was even possible. The only jobs he created are for Illegal Immigrants and bounce back jobs. The bounce back from the covid. He has not done a good job, hes done a poorjob and inflation is killing our country. It is absolutely killing us. Thank you, President Biden. Thank you, President Biden. Well, look, the greatest economy in the world. Hes the only one who thinks that. I think i dont know anybody else who thinks hes a great he had the greatest economy in the world. And, you know, the fact of the matter is that, we found ourselves in a situation where his, his economy, he rewarded the wealthy. He had the largest tax cut in American History, 2 trillion. He raised the deficit larger than any president has in any one term. Hes the only president other than Herbert Hoover , who had lost more jobs hoover, who had lost more jobs than he had when he began. Since Herbert Hoover. The idea that he did something that was significant. And the military, you know, when he was president , there were still killing people in afghanistan. He didnt do anything about that. When he was president. We were still found ourselves in a position where you had a notion that we were the safe country. The truth is , the safe country. The truth is, im the only president this century that doesnt have any this this decade that done any troops dying anywhere in the world like he did, President Trump, i want to follow up, if can. You werent allowed to respond to him. Well, im going to ask you a follow up. You can do whatever you want with the minute that we give you. I want to follow up. You want to impose a 10 tariff on all goods coming into the us. How will you ensure that that doesnt drive prices even higher . Its not going to drive them higher. Itsjust going its not going to drive them higher. Its just going to cause countries that have been ripping us off for years, like china and many others. In all fairness to china, its going to just force them to pay us a lot of money, reduce our deficit tremendously, and give us a lot of power for other things. But he would he made a statement. The only thing he was right about is i gave you the largest tax cut in history. I also gave you the largest regulation cut in history. Thats why we had all the jobs and the jobs went down, and then they bounced back. And hes taking credit for bounce back jobs. You cant do that. He also said he inherited 9 inflation. No he inherited almost no inflation. And it stayed that way for 14 months. And then it blew up under his leadership because they spent money like a bunch of people that didnt know what they were doing and they dont know what they were doing. It was the worst. Probably the Worst Administration in history. There has never been. And as far as afghanistan is concerned, i was getting out of afghanistan, but we were getting out with dignity, with strength, with power. He got out. It was the most embarrassing day in the history of our countrys life. President trump, over the last eight years, under both of your administrations, the National Debt soared to record highs. And according to a new nonpartisan analysis, President Trump, your administration approved 8. 4 trillion in new debt, while so far President Biden, youve approved 4. 3 trillion in new debt. So former President Trump, many of the tax cuts that you signed into law are set to expire next year. You want to extend them and go even further. You say with the us further. You say with the us facing trillion dollar deficits and record debt, why should top earners and corporations pay even less in taxes than they do now . Because the tax cuts spurred the greatest economy that weve ever seen just prior to covid and even after covid, it was so strong that we were able to get through covid much better than just about any other country. But we spared that tax spirit. Now, when we cut the taxes as an example , the Corporate Tax was example, the Corporate Tax was cut to down 21 from 39 plus. Beyond that, we took in more revenue with much less tax, and companies were bringing back trillions of dollars back into our country. The country was growing like never before, and we were ready to start paying down debt. We were ready to start using the liquid gold right under our feet, the oil and gas right under our feet. We were going to have something that nobody else has had. We got that nobody else has had. We got hit with covid. We did a lot to fix it. I gave him an unbelievable situation with all of the therapeutics and all of the things that we came up with, we gave him something great. Remember more people died under his administration , even though his administration, even though we had largely fixed it. More people died under his administration than our administration. And we were right in the middle of it, something which a lot of people dont like to talk about. But he had far more people dying in his administration. He did the mandate, which is a disaster, mandating it. The vaccine went out. He did a mandate on the vaccine, which is the thing that people most objected to about the vaccine. And he did a very poor job, just a very poorjob. Poor job, just a very poor job. And i will tell you, not only poor there, but throughout the entire world, were no longer respected as a country. They dont respect our leadership. They dont respect the United States anymore. Were like states anymore. Were like a third world nation. Between weaponization of his election, trying to go after his political opponent , trying to go after his political opponent, all of the things hes done, weve become like a third world nation. And its a shame the damage hes done to our country. And id love to ask him and will why he allowed millions of people to come in here from prisons, jails and mental institutions to come into our country and destroy our country. President trump, we will get to immigration later in this block. President biden, i want to give you an opportunity to respond to this question about the National Debt. He had the largest National Debt of any president in a four year period. Number one. Number two, that 2 trillion tax cut benefited the very wealthy. When benefited the very wealthy. When im going to do is fix the tax system, for example , we have system, for example, we have 1000 trillionaires in america. I mean , billionaires in america. Mean, billionaires in america. And whats happening, theyre in a situation where they, in fact pay a situation where they, in fact pay 8. 2 in taxes. If they just paid 24 or 25, either one of those numbers, theyd raise 500 million, billion dollars, i should say , in a ten year should say, in a ten year period, wed be able to wipe out his debt. Wed be able to help make sure that all those things we need to do child care, elder care, making sure that we continue to strengthen our health care system, making sure that were able to make every single solitary person a eligible for what ive been able to do with the with the covid, excuse me, with, dealing with everything we have to do with, look , if we finally beat look, if we finally beat medicare. Thank you, President Biden , thank you, President Biden, President Trump well, hes right, he did beat medicare. He beat it to death, and hes destroying medicare because all of these people are coming in. Theyre putting them on medicare. Theyre putting them on Social Security. Theyre going to destroy Social Security. This man is going to single handedly destroy Social Security. These millions and millions of people coming in, theyre trying to put them on Social Security. He will wipe out Social Security. He will wipe out medicare. So he was right in the way he finished that sentence. And its a shame whats happened to our country in the last four years is to not be believed. Foreign countries. Im friends with a lot of people. They cannot believe what happened to the United States of america. Were no longer respected. They they dont like us. We give them everything they want and they they think were stupid. They think were very stupid. They think were very stupid. People what were doing for other countries, and they do nothing for us. What this man has done is absolutely criminal. Thank you, President Trump. Thank you, President Trump. Dana, this is the first president ial election since the Supreme Court overturned roe v wade this morning. The court wade this morning. The court ruled on yet another Abortion Case temporarily allowing emergency abortions to continue in idaho despite that states restrictive ban. Former President Trump, you take credit for the decision to overturn roe v wade, which returned the issue of abortion to the states , of abortion to the states, correct. However, the federal government still plays a role in whether or not women have access to Abortion Pills. Theyre used in about two thirds of all abortions. As president , would abortions. As president , would you block abortion medication . First of all, the Supreme Court just approved the Abortion Pill and i agree with their decision to have done that. And i will not block it. And if you look at this whole question that youre asking a complex but not really complex, 51 years ago, you had roe v wade and everybody wanted to get it back to the states. Everybody without states. Everybody without exception, democrats, republicans , liberals, republicans, liberals, conservatives, everybody wanted it back. Religious leaders. And it back. Religious leaders. And what i did is i put three great Supreme Court justices on the court , and they happen to vote court, and they happen to vote in favour of killing roe v wade and moving it back to the states. This is something that everybody wanted. Now, ten years ago or so, they started talking about how many weeks and how many this getting into other things. But every legal scholar throughout the world, the most respected, wanted it brought back to the states. I did that. Now the states are working it out. If you look at ohio, it was a decision. That was it was an end result that was a little bit more liberal than you would have thought. Kansas i would say the same thing. Texas is different. Florida is different. But theyre all making their own decisions right now. And right decisions right now. And right now the states control it. Thats the vote of the people like Ronald Reagan. I believe in the exceptions. I am a person that believes , and frankly, that believes, and frankly, i think its important to believe in the exception. Some people, in the exception. Some people, you have to follow your heart. Some people dont believe in that. But i believe in the exceptions for rape , incest and exceptions for rape, incest and the life of the mother. I think its very important so