Donald Trump Fear Mongers About Eliminating Bush Tax Cuts
Reported by Guest Blogger - July 30, 2010 -
Donald Trump visited Your World, Tuesday (7/27/10) and fear mongered that “producing” people will leave the country if the Bush tax cuts are not extended.
Trump said, "I think you're taking away a lot of incentive from a lot of people that produce a lot of taxes… Some of these people will actually leave. They’ll go to different countries who have much lower rates. It's a sad thing to do."
Cavuto, in a nod toward balance, said, "On Wall Street, the trend has been go to Switzerland or low regulation countries like China or Hong Kong. Generally, when its tax rates we're considering, Europe’s are by and large higher, so the notion is where else could they go?"
Trump said, "There are plenty of places in Asia… I'm Trump, it’s a little hard to leave… I happen to love this country, but there will be people that will leave this country, and they'll take their companies with them… They're making their money in Asia, …in India, and they have much lower tax rates… It creates the wrong image… I really think it's a big problem. You really have to keep the taxes down." Trump didn’t say would leave or what kind of information he had that they were going.