Trump to Clinton: “You are Going to Regulate Businesses Out of Existence”

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Republican Donald Trump and Hillary Clinton traded jabs on their tax plans at the first presidential debate moderated by NBC’s Lester Holt. The New York businessman told the former secretary of state her plan was “going to regulate these businesses out of existence.”

You are going to approve one of the biggest tax increases in history. You are going to drive business out. Your regulations are a disaster, and you’re going to increase regulations all over the place. And by the way, my tax cut is the biggest since Ronald Reagan. I’m very proud of it. It will create tremendous numbers of new jobs. But regulations, you are going to regulate these businesses out of existence.

When I go around — Lester, I tell you this. I’ve been all over. And when I go around, despite the tax cut, the things that business that people like the most is the fact that I’m cutting regulation. You have regulations on top of regulations, and new companies cannot form and old companies are going out of business, and you want to increase the regulations and make them even worse. I’m going to cut regulations. I’m going to cut taxes, big-league, and you are going to raise taxes big-league, end of story.