Trump Once Proposed Tax On Wealthy To Plug Deficit

Trump Once Proposed Tax On Wealthy To Plug Deficit: "'I would tax people of wealth -- of great wealth, people over $10 million, by 14.25 percent. This tax would raise approximately $5.7 trillion, which happens to be our national debt. We would now save $200 billion a year in interest costs, which would go toward lowering taxes for everybody and particularly the working middle class; getting rid of the estate tax and saving Social Security. The economy would boom. We'd have no debt. Hey, I know about debt probably as much as anybody. I've had too much, and I've had too little. And you know what? Too little is much better, believe me.'"