Trump: ‘The Estate Tax Is a Very, Very Horrible Weapon that Has Destroyed Many Families’

STEPHANOPOULOS: “But where your family would make potentially hundreds of millions of dollars eliminating the estate tax.”

TRUMP: “Well the estate tax is a different thing. The estate tax is a very, very horrible weapon that has destroyed many families. In particular, farms and things where they make an income and they have a certain value and they have to go out and borrow money, and put mortgages on their farms.”

STEPHANOPOULOS: “Twenty farms in the last year.”

TRUMP: “It’s big businesses. George if you have a business, and let’s say it’s a business that’s not very liquid, and people have to go out and borrow against the business, you are having travesty. And the other thing is, it’s a double taxation. The tax has already been paid. I mean you’ve been hearing this argument for many years.”

STEPHANOPOULOS: “So your family would benefit but you’re saying it’s just wrong.”

TRUMP: “No, no I say it’s a double taxation. The death tax is an unfair tax. Because the tax has already been paid.”

STEPHANOPOULOS: “Bottom line: You do accept that you are going to make out well under your tax plan.”

TRUMP: “I don’t know I mean if the economy is good, if the economy is great, everybody makes out well.”