We shall see. There is a lot going on behind the scenes with Obamacare repeal and replace. There is a lot going on with reforming the IRS. I always took the position that if taxes were spent on their intentions, roads and schools I would not have a problem. They aren’t so I do. We shall see what shakes loose I guess.
WATTERS: “The income tax rate, what are we talking about? What would you like to see the top rate be?”
TRUMP: “Well we’re going to get a big reduction, we’re going to bring business down from 15% to 20% from 36% and 38% and higher in some instances. We are the highest taxed nation in the world. And we are going to bring taxes way down. And for middle income, we’re also getting rid of brackets. We are going from 7 to 4 or 3 brackets. And that will be such a pleasure.”
WATTERS: “What would you like to see the brackets look like?”
TRUMP: “Well I would like to see zero if you don’t make much. Like zero, and that’s what it’s going to be, it’s going to be zero up to a level. Then it’s going be 12.5%, 15%. It’s going to be 10 percent. We’re working on the different numbers right now. It will be the biggest tax cut since Reagan and probably bigger than Reagan.”
WATTERS: “Very good because I need the money.”