Microblog Memes

So former President Trump, many of the tax cuts that you signed into law are set to expire next year. You want to extend them and go even further, you say. With the U.S. facing trillion-dollar deficits and record debt, why should top earners and corporations pay even less in taxes than they do now?

TRUMP: Because the tax cuts spurred the greatest economy that we’ve ever seen just prior to COVID, and even after COVID. It was so strong that we were able to get through COVID much better than just about any other country. But we spurred – that tax spurred.

Now, when we cut the taxes – as an example, the corporate tax was cut down to 21 percent from 39 percent, plus beyond that – we took in more revenue with much less tax and companies were bringing back trillions of dollars back into our country.

The country was going like never before. And we were ready to start paying down debt. We were ready to start using the liquid gold right under our feet, the oil and gas right under our feet. We were going to have something that nobody else has had. We got hit with COVID. We did a lot to fix it. I gave him an unbelievable situation, with all of the therapeutics and all of the things that we came up with. We – we gave him something great.

Remember, more people died under his administration, even though we had largely fixed it. More people died under his administration than our administration, and we were right in the middle of it. Something which a lot of people don’t like to talk about, but he had far more people dying in his administration.

He did the mandate, which is a disaster. Mandating it. The vaccine went out. He did a mandate on the vaccine, which is the thing that people most objected to about the vaccine. And he did a very poor job, just a very poor job.

And I will tell you, not only poor there, but throughout the entire world, we’re no longer respected as a country. They don’t respect our leadership. They don’t respect the United States anymore.

We’re like a Third World nation. Between weaponization of his election, trying to go after his political opponent, all of the things he’s done, we’ve become like a Third World nation. And it’s a shame the damage he’s done to our country.

And I’d love to ask him, and will, why he allowed millions of people to come in here from prisons, jails and mental institutions to come into our country and destroy our country.

TAPPER: President Trump, we will get to immigration later in this block.

BIDEN: He had the largest national debt of any president four-year period, number one.

Number two, he got $2 trillion tax cut, benefited the very wealthy.

What I’m going to do is fix the taxes.

For example, we have a thousand trillionaires in America – I mean, billionaires in America. And what’s happening? They’re in a situation where they, in fact, pay 8.2 percent in taxes. If they just paid 24 percent or 25 percent, either one of those numbers, they’d raised $500 million – billion dollars, I should say, in a 10-year period.

We’d be able to right – wipe out his debt. We’d be able to help make sure that – all those things we need to do, childcare, elder care, making sure that we continue to strengthen our healthcare system, making sure that we’re able to make every single solitary person eligible for what I’ve been able to do with the COVID – excuse me, with dealing with everything we have to do with.

Look, if – we finally beat Medicare.

TAPPER: Thank you, President Biden.

TRUMP: Well, he’s right: He did beat Medicaid (ph). He beat it to death. And he’s destroying Medicare, because all of these people are coming in, they’re putting them on Medicare, they’re putting them on Social Security. They’re going to destroy Social Security.

This man is going to single-handedly destroy Social Security. These millions and millions of people coming in, they’re trying to put them on Social Security. He will wipe out Social Security. He will wipe out Medicare. So he was right in the way he finished that sentence, and it’s a shame.

What’s happened to our country in the last four years is not to be believed. Foreign countries – I’m friends with a lot of people. They cannot believe what happened to the United States of America. We’re no longer respected. They don’t like us. We give them everything they want, and they – they think we’re stupid. They think we’re very stupid people.

What we’re doing for other countries, and they do nothing for us. What this man has done is absolutely criminal.

TAPPER: Thank you, President Trump.