Trump Calls CEO Pay a 'Joke' But Vows to Slash Corporate Taxes
Trump said Sunday his tax plan would slash corporate taxes while raising rates on hedge fund managers.
“I want a corporate reduction, I want to bring the money back into this country,” Trump said in an interview with John Dickerson, the host of CBS's Face the Nation. “We have $2.5 trillion, John, out of this country and the corporations rightfully don't bring it back because they have a massive tax to pay and we've got to make it so they can bring it back.”
Trump said that he would flesh out his tax proposals in the coming weeks, but again vowed to raise rates on hedge fund managers, who the billionaire has portrayed as “getting away with murder.”
“Well, I just use that as the ultimate example because I know these guys. They're all supporting Jeb Bush for the most part and Hillary Clinton,” Trump said, adding, “So they pay very little tax and that's going to end when I come out with my plan in about three weeks, could be sooner than that. We have an amazing tax plan. We're going to be reducing taxes for the middle class, but for the hedge fund guys, they're going to be paying up.”
Asked whether the income gap between the average American worker and the CEOs of the country's largest corporations bothered him, Trump lashed out at relationship between corporate board members and top executives.
“Well, it does bug me,” Trump said, adding, “You know, the boards of companies are supposed to deal with it, but I know companies very well. A CEO puts in all his friends, and so, you'll take a company like, I could say Macy's or many other companies where they've put in their friends as the head of the company and they get whatever they want. And you know, because the friends love sitting on the board.”
Saying that the problem was difficult to fix in a free enterprise system, Trump did not say whether he would attempt to correct the income discrepancy if elected president.
“That's the system that we have and it's a shame and it's disgraceful and sometimes the boards rule, but I would say it's probably less than 10 percent. And you see these guys making these enormous amounts of money, it's a total and complete joke,” Trump said.