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Carly Fiorina: Not all taxation is bad taxation

Former Hewlett-Packard CEO and presidential candidate Carly Fiorina says Biden's tax proposals are generally reasonable.

Video Transcript

CARLY FIORINA: Well, first, I would say that not all taxation is bad taxation. That may sound ridiculous, but as long as a level of taxation is reasonable, we've demonstrated, as your previous guest pointed out, that economic growth is possible.

So for me, the issue is, is the level of taxation reasonable? And for what purpose are we taxing? And I think what Joe Biden has proposed is certainly a reasonable level of taxation on corporations and on those individuals making over $400,000 a year. And the purposes for which he proposes to use that money, I think, frankly, are reasonable as well.

So, for example, getting this pandemic under control is clearly impacting economic growth. Having the right kind of stimulus, particularly for our small businesses and working families and resources for schools and communities, is clearly an economic issue. Having such unequal access to education is an economic issue now. Having such unequal access to healthcare and infrastructure is an economic issue now.

One of the things that the pandemic has revealed is the fact that we actually all are connected. And for those who are really struggling-- and the pandemic has revealed how many people and businesses truly are-- that has an impact on economic growth. And so for all of those reasons, based on what Biden has put forward so far, I am satisfied that it is a reasonable plan, both in terms of how to tax, as well as in terms of how to spend.