Full Transcript: Presidential Debate September 26, 2016 Donald Trump vs Hillary Clinton

Donald Trump: That’s about all you’ve…

Lester Holt: Folks, we’re going to…

Hillary Clinton:… or at an airport near you.

Lester Holt: We’re going to move to…

Hillary Clinton: But it’s because I see this — we need to have strong growth, fair growth, sustained growth. We also have to look at how we help families balance the responsibilities at home and the responsibilities at business. So we have a very robust set of plans. And people have looked at both of our plans, have concluded that mine would create 10 million jobs and yours would lose us 3.5 million jobs, and explode the debt which would have a recession.

Donald Trump: You are going to approve one of the biggest tax cuts in history. 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 thing — the things that business as in 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’re going to raise taxes big league, end of story.

Lester Holt: Let me get you to pause right there, because we’re going to move into — we’re going to move into the next segment. We’re going to talk taxes…

Hillary Clinton: That can’t — that can’t be left to stand.

Lester Holt: Please just take 30 seconds and then we’re going to go on.

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Hillary Clinton: I kind of assumed that there would be a lot of these charges and claims, and so…

Donald Trump: Facts.

Hillary Clinton: So we have taken the home page of my website, HillaryClinton.com, and we’ve turned it into a fact-checker. So if you want to see in real-time what the facts are, please go and take a look. Because what I have proposed…

Donald Trump: And take a look at mine, also, and you’ll see.

Hillary Clinton:… would not add a penny to the debt, and your plans would add $5 trillion to the debt. What I have proposed would cut regulations and streamline them for small businesses. What I have proposed would be paid for by raising taxes on the wealthy, because they have made all the gains in the economy. And I think it’s time that the wealthy and corporations paid their fair share to support this country.

Lester Holt: Well, you just opened the next segment.

Donald Trump: Well, could I just finish — I think I…

Lester Holt: I’m going to give you a chance right here…

Donald Trump: I think I should — you go to her website, and you take a look at her website.

Lester Holt:… with a new 15-minute segment…

Donald Trump: She’s going to raise taxes $1.3 trillion.

Lester Holt: Mr. Trump, I’m going to…

Donald Trump: And look at her website. You know what? It’s no difference than this. She’s telling us how to fight ISIS. Just go to her website. She tells you how to fight ISIS on her website. I don’t think General Douglas MacArthur would like that too much.

Lester Holt: The next segment, we’re continuing…

Hillary Clinton: Well, at least I have a plan to fight ISIS.

Lester Holt: Achieving Prosperity…

Donald Trump: No, no, you’re telling the enemy everything you want to do.

Hillary Clinton: No, we’re not. No, we’re not.

Donald Trump: See, you’re telling the enemy everything you want to do. No wonder you’ve been fighting — no wonder you’ve been fighting ISIS your entire adult life.

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Hillary Clinton: That’s a — that’s — go to the — please, fact checkers, get to work.

Lester Holt: OK, you are unpacking a lot here. And we’re still on the issue of achieving prosperity. And I want to talk about taxes. The fundamental difference between the two of you concerns the wealthy. Secretary Clinton, you’re calling for a tax increase on the wealthiest Americans. I’d like you to further defend that. And, Mr. Trump, you’re calling for tax cuts for the wealthy. I’d like you to defend that. And this next two-minute answer goes to you, Mr. Trump.

Donald Trump: Well, I’m really calling for major jobs, because the wealthy are going to create tremendous jobs. They’re going to expand their companies. They’re going to do a tremendous job. I’m getting rid of the carried interest provision. And if you really look, it’s not a tax — it’s really not a great thing for the wealthy. It’s a great thing for the middle class. It’s a great thing for companies to expand. And when these people are going to put billions and billions of dollars into companies, and when they’re going to bring $2.5 trillion back from overseas, where they can’t bring the money back, because politicians like Secretary Clinton won’t allow them to bring the money back, because the taxes are so onerous, and the bureaucratic red tape, so what — is so bad. So what they’re doing is they’re leaving our country, and they’re, believe 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 the money to work, because they can’t work out a deal to — and everybody agrees it should be brought back. 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, because they can’t get together.

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