estate moguls. why is that? is that something that you support, and will you support that if it s in the final bill? i think, joe, that actually will end up being one of those things that comes out whether it s in the markup going through the house or over in the senate. i can tell you i was in the oval office with the president when this very subject came up. and he was very emphatic that like he was consistent on the campaign trail about the hedge fund managers and the carried interest provisions that he felt like it needed to be done away with. obviously you ve got real estate developers and some of those that use it as part of the way that they do business, and so trying to address that in a fair way that continues to allow for economic growth is key. but i can tell you that the president himself has weighed in on this particular provision. i think at the end of the day, it will get addressed whether it s in the house or senate or final bill. these are the sort of
but and i say that about a lot of things. i ve heard hillary complaining about so many different things over the years. i wish you would have done this. for 30 years, she s been doing this stuff. she never changed and she never will change. we re getting rid of carried interest provisions. i m lowering taxes actually because i think it s so important for corporations because we have corporations leaving massive corporations and little ones, little ones can t form. we re getting rid of regulations which goes hand in hand with the lowering of the taxes. we re bringing the tax rate down from 35% to 15%. we re cuttingtachs for the middle class. i will tell you we are cutting them big league for the middle class. i will tell you, hillary clinton is raising your taxes, folks. you can look at me. she s raising your taxes really high. and what that s going to do is a disaster for the country. but she is raising your taxes and i m lowering your taxes. that in itself is a big difference. we are
she never changed and she never will change. we re getting rid of carried interest provisions. i m lowering taxes actually because i think it s so important for corporations because we have corporations leaving massive corporations and little ones, little ones can t form. we re getting rid of regulations which goes hand in hand with the lowering of the taxes. we re bringing the tax rate down from 35% to 15%. we re cuttingtachs for the middle class. i will tell you we are cutting them big league for the middle class. i will tell you, hillary clinton is raising your taxes, folks. you can look at me. she s raising your taxes really high. and what that s going to do is a disaster for the country. but she is raising your taxes and i m lowering your taxes. that in itself is a big difference. we are going to be thriving again. we have no growth in this country. if china has a gdp of 7%, it s like a national catastrophe. we re down to 1%.
dramatically slash these social safety net programs, so again, if the past is prologue, they are planning to make major cuts to very important economic security programs, but let s wait and see. let s look at another aspect of this, because the president s plan would give a total $60 billion in tax breaks to americans and plans to pay for it at least in part by closing tax loopholes, the so-called gingrich and kerry interest provisions that let high income individuals avoid taxes that other workers pay. part of the republican argument has been this is antibusiness, will stifle job growth, so how do you pay for it? well, interestingly, chris, those two tax provisions that you just talked about, the reducing the break for hedge funds and what we call the gingrich/john edwards loophole were proposals dave camp