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Trump: Clinton's Tax Plan Won't Bring Back Business From Overseas

Image: Trump: Clinton's Tax Plan Won't Bring Back Business From Overseas

Republican presidential nominee Donald Trump speaks during the debate at Hofstra University in Hempstead, N.Y., Monday, Sept. 26, 2016. (AP Photo/Patrick Semansky)

By    |   Monday, 26 Sep 2016 09:59 PM


Donald Trump charged Monday night that companies that have moved their businesses overseas cannot bring back at least $2.5 trillion into the United States because "taxes are so onerous and the bureaucratic red tape is so bad."

In the first presidential debate with Hillary Clinton, Trump charged the Democratic nominee's plan to tax the wealthy to stimulate the economy won't work.

"Two-point-five trillion," he said. "I happen to think it's double that. It's probably $5 trillion that we can't bring into our country . . . and with a little leadership, you'd get it in here very quickly and it would be put to use on the inner cities and lots of other things and it would be beautiful, but we have no leadership. And honestly that starts with Secretary Clinton."

Trump added: "When they're going to bring $2.5 trillion back from overseas, they can't . . . bring the money back because the taxes are so onerous and the bureaucratic red tape is so bad."

"So what they're doing is leaving our country and they're, believe it it or not, leaving because taxes are too high and because some of them have lots of money outside of our country and instead of bringing it back and putting them to work . . . instead of that, they're leaving our country to get their money because they can't bring their money back into our country because of bureaucratic red tape," he said.

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Donald Trump charged Monday night that companies that have moved their businesses overseas cannot bring back at least $2.5 trillion into the United States because "taxes are so onerous and the bureaucratic red tape is so bad."
Donald Trump, Hillary Clinton, tax, business, overseas
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Monday, 26 Sep 2016 09:59 PM
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