If [Donald] Trump had said something like I'm going to raise taxes on the middle class, it would be all over the news. You would be questioning his sanity.
Now, do I think the tax code should be simplified? Absolutely. Will Donald Trump do away with things like this? He probably is better positioned than anyone to figure out how to do away with it, because he understands the tax code better than anyone else.
A lot of the people that are poor take advantage of loopholes and pay no taxes.
When I became mayor of New York City, I had a $2.4 billion deficit. And everybody wanted me to raise taxes. I said, 'If I raise taxes, I'll drive people out of New York City, and then I'll be raising taxes again.' So what I did was I cut expenses by 15 percent.