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Newt's World

Episode 140: Trump Recovery vs. Biden Depression

Newt's World

Gingrich 360

News, Politics

4.66.4K Ratings

🗓️ 18 October 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

This election is a choice between two very different economic futures: a Trump Recovery or a Biden Depression. If Biden is elected, he has promised to raise taxes. President Trump will restore the economy to where we were seven months ago.

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Transcript

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0:00.0

On this episode of Newt's World.

0:02.0

We want to be where we were seven months ago.

0:05.0

And next year will be one of the best and greatest years in the history of our country.

0:09.5

That's what's happening economically and that's going to lead to another.

0:13.0

This election is a choice between a Trump recovery and a Biden depression.

0:18.0

He gets in, they're going to quadruple your taxes.

0:21.0

Well guess what?

0:22.0

The first thing I do is going to repeal this Trump tax cut.

0:27.0

Oh, not a joke.

0:28.0

You've said you would repeal all of Trump's tax cuts.

0:32.0

But do you mean just for the wealthy or for the middle class too?

0:35.0

Because Trump did give the middle class a tax cut.

0:37.0

Guess what? If you elect me, you're not going to have your taxes going to be raised not cut.

0:41.0

Would you support a carbon tax? Some other candidate said they would.

0:45.0

Yeah, no, I would raise billions of dollars and raise the corporate tax rate from 20 to 28 percent.

0:53.0

Well the truth is that Joe Biden, even though he's portrayed as a moderate,

0:57.0

is offering the most expensive Democratic tax plan that we've seen from any Democratic candidate in recent history.

1:03.0

Would you bring back the individual mandate?

1:05.0

Yes, I'd say bring back the individual mandate.

1:06.0

These types of tax increases, a 10 percent increase in revenue,

1:09.0

it would dramatically change the economy, halting the economic progress that we're currently seeing.

1:14.0

The first thing I would do is present it was eliminate the president's tax cut.

...

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