Transcripts for CNN State of the Union with Jake Tapper and

CNN State of the Union with Jake Tapper and Dana Bash September 12, 2021 13:21:00

dem democrats, which i want to get to in a second. let's stay on what they call in washington the pay fos. they're looking at increasing the corporate tax rate, closing existing loop holes, raising tax s on wealthy americans, trying to get money back from -- get the irs -- >> i agree with all of that. >> they say they can add that up to 3.5 and there will not be a dollar. >> no. >> that's what they're saying. you don't believe that? >> those rates are not going to be competitive. here is the difference. they're looking for 3.5 trillion. i'm looking for a competitive tax rate i want to make adjus adjustments and changes. >> what does competitive tax rate mean? >> globally competitive. you have to be globally competitive. >> can you explain -- >> first of all, it can't be at 39% as far as capital gains. i said 28 all in, okay? you can't be at 28 or 30 or more with a corporate net. i said 25 all in. and i think that every

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