The Truth Is You Are Not The Only Person Concerned About Full Debate: Bernie Sanders vs. Ted Cruz on Taxes
Representative Bernie Sanders (I-VT) and Senator Ted Cruz (R-TX) conflict over expenses in a broadly broadcast banter on CNN facilitated by Jake Tapper and Dana Bash.
Transcript:
JAKE TAPPER, CNN: Live from Washington, this is CNN's Debate Night with Senators Bernie Sanders and Ted Cruz. At issue, President Trump's new expense design. Will Congress put it all on the line? What's more, by what method may it influence your wallet? I'm Jake Tapper.
DANA BASH. CNN: And I'm Dana Bash. Today, President Trump again guaranteed his arrangement will be an aid to private ventures and the white collar class, however, President Trump's commentators say the arrangement is a tremendous lift to the rich and may even bring charges for some up in the working class.
TAPPER: Meanwhile, President Trump's treasury secretary is stating that money markets, now at a record high, will drop if Congress does not cut Taxes. Congressperson Cruz bolsters the president's push to bring down duties. Congressperson Sanders restricts it.
BASH: Gentlemen, welcome. An update: You will get 90 seconds to answer inquiries from us and our group of onlookers, 45 seconds for reactions and replies. Congresspersons, how about we begin with your opening contentions. You each have one moment.
Congressperson Cruz, we'll begin with you.
SEN. TED CRUZ, R-TEXAS: Dana, much obliged. I need to express gratitude toward CNN and Jake and Dana both for facilitating this, everybody for turning out, and, Bernie, thank you for going along with us for a substantive civil argument on assess strategy. A while prior, you and I did Obamacare. Presently we're back with charges.
Also, I got the chance to state, this civil argument is, extremely straightforward. Bernie and the Democrats need each one of you observing today to pay more charges. Also, Republicans need to bring down the charges for every last individual watching this level-headed discussion.
Presently, today around evening time I will make a forecast. Bernie will recommend in only a couple of moments this isn't generally about you, this is about, quote, "exhausting the rich." That's what the Democrats dependably say. Yet, this is what you have to know. Each time Bernie says the rich, what he implies is citizens. Thus in the event that you pay charges, he's discussing you.
Presently, how would we know this? We know this in light of the fact that there's a distinction amongst realities and talk. Bernie's duty design cost over $13 trillion. That is what he's proposed bringing up in new expenses. Also, who pays for it? Indeed, the Democrats dependably discuss the moguls and very rich people, yet here's a basic actuality. We could take each and every individual making $1 million a year or progressively and seize 100 percent of their pay, all that they make, each penny, and it would raise about $1 trillion, around 8 percent of the cost of Bernie's duty design.
That implies on the off chance that you need to assess income, you don't get it from the moguls and very rich people. You get it from the working class. You get it from the working men and ladies in this nation.
Tax breaks are about employment and more cash in your pocket, more cash for the single parent to purchase books for her children, for the truck driver to have the capacity to manage the cost of sending his little girl to school, for - for the family who's attempting to bring home the bacon to have the capacity to set aside and go to Disneyworld.
This verbal confrontation is, exceptionally basic. Bernie and the Democrats need to raise your duties. What's more, the Republicans need to cut them with the goal that you have more in your pocket.
BASH: Senator Cruz, much obliged. Congressperson Sanders?
SEN. BERNIE SANDERS, I-VERMONT: Let me make an expectation.
(Chuckling)
In two minutes, Senator Cruz will disclose to you that on the off chance that we give tax reductions to the very rich people like George W. Hedge liked, Ronald Reagan did, we will make zillions of occupations and you're all going to end up, exceptionally rich, that we have a stream down financial hypothesis, tax cuts for the wealthiest individuals, the biggest partnerships, and, whoa, everything is great.
That is an absolutely false hypothesis. Here is the truth of American culture today. For a long time, the white collar class of this nation, the immense working class has been contracting. Furthermore, what we have seen is a monstrous exchange of riches from working families to the best 0.1 percent, trillions of dollars as a result of coordinate avarice and an uncalled for charge framework.
Presently, the Trump Republican duty recommendation that is before us today, this proposition is being pushed by Senator Cruz's crusade benefactors, a portion of the wealthiest individuals in this nation, by the Koch siblings, who are worth $90 billion. Why are they pushing this plan? Since 80 percent of the tax reductions in this proposition will go to the best 1 percent.
Truth be told, 30 percent of the white collar class will wind up paying more in charges. 40% of the tax cuts will go to the main 0.1 percent. This is monstrous tax cuts for the well off.
And after that the other thing they do, with a specific end goal to pay for their tax cuts, you know what they do? They cut Medicaid over a 10-year time frame by $1 trillion, throwing 15 million Americans off of the health care coverage they have. They cut Medicare by $470 billion.
So what this is, truth be told, is a proposition - which is spot on the floor of the Senate at the present time - Senator Cruz and I backpedal tomorrow, we will proceed with the open deliberation - it is a Robin Hood proposition backward. They are taking from the working families and poor people and they're providing for the rich. It's a suggestion that must be vanquished.
Transcript:
JAKE TAPPER, CNN: Live from Washington, this is CNN's Debate Night with Senators Bernie Sanders and Ted Cruz. At issue, President Trump's new expense design. Will Congress put it all on the line? What's more, by what method may it influence your wallet? I'm Jake Tapper.
DANA BASH. CNN: And I'm Dana Bash. Today, President Trump again guaranteed his arrangement will be an aid to private ventures and the white collar class, however, President Trump's commentators say the arrangement is a tremendous lift to the rich and may even bring charges for some up in the working class.
TAPPER: Meanwhile, President Trump's treasury secretary is stating that money markets, now at a record high, will drop if Congress does not cut Taxes. Congressperson Cruz bolsters the president's push to bring down duties. Congressperson Sanders restricts it.
BASH: Gentlemen, welcome. An update: You will get 90 seconds to answer inquiries from us and our group of onlookers, 45 seconds for reactions and replies. Congresspersons, how about we begin with your opening contentions. You each have one moment.
Congressperson Cruz, we'll begin with you.
SEN. TED CRUZ, R-TEXAS: Dana, much obliged. I need to express gratitude toward CNN and Jake and Dana both for facilitating this, everybody for turning out, and, Bernie, thank you for going along with us for a substantive civil argument on assess strategy. A while prior, you and I did Obamacare. Presently we're back with charges.
Also, I got the chance to state, this civil argument is, extremely straightforward. Bernie and the Democrats need each one of you observing today to pay more charges. Also, Republicans need to bring down the charges for every last individual watching this level-headed discussion.
Presently, today around evening time I will make a forecast. Bernie will recommend in only a couple of moments this isn't generally about you, this is about, quote, "exhausting the rich." That's what the Democrats dependably say. Yet, this is what you have to know. Each time Bernie says the rich, what he implies is citizens. Thus in the event that you pay charges, he's discussing you.
Presently, how would we know this? We know this in light of the fact that there's a distinction amongst realities and talk. Bernie's duty design cost over $13 trillion. That is what he's proposed bringing up in new expenses. Also, who pays for it? Indeed, the Democrats dependably discuss the moguls and very rich people, yet here's a basic actuality. We could take each and every individual making $1 million a year or progressively and seize 100 percent of their pay, all that they make, each penny, and it would raise about $1 trillion, around 8 percent of the cost of Bernie's duty design.
That implies on the off chance that you need to assess income, you don't get it from the moguls and very rich people. You get it from the working class. You get it from the working men and ladies in this nation.
Tax breaks are about employment and more cash in your pocket, more cash for the single parent to purchase books for her children, for the truck driver to have the capacity to manage the cost of sending his little girl to school, for - for the family who's attempting to bring home the bacon to have the capacity to set aside and go to Disneyworld.
This verbal confrontation is, exceptionally basic. Bernie and the Democrats need to raise your duties. What's more, the Republicans need to cut them with the goal that you have more in your pocket.
BASH: Senator Cruz, much obliged. Congressperson Sanders?
SEN. BERNIE SANDERS, I-VERMONT: Let me make an expectation.
(Chuckling)
In two minutes, Senator Cruz will disclose to you that on the off chance that we give tax reductions to the very rich people like George W. Hedge liked, Ronald Reagan did, we will make zillions of occupations and you're all going to end up, exceptionally rich, that we have a stream down financial hypothesis, tax cuts for the wealthiest individuals, the biggest partnerships, and, whoa, everything is great.
That is an absolutely false hypothesis. Here is the truth of American culture today. For a long time, the white collar class of this nation, the immense working class has been contracting. Furthermore, what we have seen is a monstrous exchange of riches from working families to the best 0.1 percent, trillions of dollars as a result of coordinate avarice and an uncalled for charge framework.
Presently, the Trump Republican duty recommendation that is before us today, this proposition is being pushed by Senator Cruz's crusade benefactors, a portion of the wealthiest individuals in this nation, by the Koch siblings, who are worth $90 billion. Why are they pushing this plan? Since 80 percent of the tax reductions in this proposition will go to the best 1 percent.
Truth be told, 30 percent of the white collar class will wind up paying more in charges. 40% of the tax cuts will go to the main 0.1 percent. This is monstrous tax cuts for the well off.
And after that the other thing they do, with a specific end goal to pay for their tax cuts, you know what they do? They cut Medicaid over a 10-year time frame by $1 trillion, throwing 15 million Americans off of the health care coverage they have. They cut Medicare by $470 billion.
So what this is, truth be told, is a proposition - which is spot on the floor of the Senate at the present time - Senator Cruz and I backpedal tomorrow, we will proceed with the open deliberation - it is a Robin Hood proposition backward. They are taking from the working families and poor people and they're providing for the rich. It's a suggestion that must be vanquished.
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