Presidential races

Clinton: Trump’s tax plan is ‘trumped-up trickle-down’

Hillary Clinton landed the first blow of Monday night’s presidential debate as she chided Donald Trump’s tax policy as tailor-made for the country’s richest. 
 
{mosads}”We also have to have a tax system that rewards work, not just financial transactions. The kind of plan that Donald has put forth would be trickle down economics all over again,” she said during the debate at Hofstra University in Hempstead, N.Y.
 
“In fact, it would be the most extreme version, the biggest tax cuts for the top percents of people in this country that we’ve ever had. I call it trumped-up trickle-down because that’s exactly what it would be.”
 
She went on to needle the GOP nominee about the loans he received from his father — a Wall Street Journal report from Monday found that Trump wrote on a 1985 disclosure that he owed his father $14 million despite his more recent insistence that he only borrowed $1 million. 
 
“Donald was very fortunate in his life and that’s all to his benefit,” she said. 
 
“He started his business with $14 million borrowed from his father, and he really believes the more you help wealthy people, the better things will be and everything will work out from there. I don’t buy that.” 
 
Trump shot back that his father only gave him “a very small loan” which he “built into a company worth many many billions of dollars.” 
 
“That’s the kind of thinking our country needs,” he said. 
 
“Our country is in deep trouble.”
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