WHEN: Today, Monday, February 8th
WHERE: CNBC's "Power Lunch"
Following are excerpts from the unofficial transcript of a CNBC interview with Republican Presidential candidate Donald Trump on CNBC's "Power Lunch" (M-F, 1PM-3PM ET) today. Following is a link to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000492447.
All references must be sourced to CNBC.
Trump on Cutting Taxes
I WOULD CUT TAXES VERY SUBSTANTIALLY. BECAUSE WE'RE LOSING OUR COMPANIES WHETHER IT IS PFIZER WHO IS MOVING TO IRELAND OR MANY OTHERS, THEY'RE MOVING OUT AND THEY ARE LEAVING JOBS BEHIND BY THE THOUSANDS. WE'RE THE HIGHEST TAXED NATION IN THE WORLD OR VERY CLOSE. I WOULD DO A VERY LARGE TAX CUT FOR BUSINESS AND FOR THE MIDDLE CLASS AND WE HAVE TO KEEP OUR COMPANIES HERE. I WOULD TRY TO GET THE MONEY, THE CORPORATE INVERSIONS WHAT'S GOING ON IS TERRIBLE . I WOULD TRY TO GET THE TRILLIONS OF DOLLARS OUTSIDE OF THE COUNTRY, I WOULD GET IT BACK IN. EVERYBODY AGREES IT SHOULD BE BACK HERE
Trump on Being in a Big Fat Juicy Bubble
I HOPE I'M WRONG. BUT I THINK WE'RE IN A BIG, FAT, JUICY BUBBLE. THE ONLY THING GOING RIGHT WAS THE STOCK MARKET. THE WHOLE JOBS REPORT IS A PHONY DEAL BECAUSE IF YOU LOOK FOR A JOB AND YOU DON'T GET IT AND YOU QUIT LOOKING YOU ARE CONSIDERED EMPLOYED, STATISTICALLY YOU ARE CONSIDERED EMPLOYED. WHEN THEY SAY IT IS 5%, IT IS A TOTAL JOKE. IT'S RIDICULOUS.
Trump on Carried Interest
I'D GET RID OF CARRIED INTEREST SO THE HEDGE FUND GUYS, IT'S AN ADVANTAGE TO THE HEDGE FUND GUYS AND ME AND OTHER PEOPLE FRANKLY. BUT I'D GET RID OF CARRIED INTEREST AND I WOULD SIMPLIFY IT. WE ARE GOING TO SIMPLIFY THE CODE. YOU GAVE US VERY HIGH MARKS WHICH I APPRECIATE. YOU'VE SEEN IT. IT IS ACTUALLY ON MY WEBSITE, THE WHOLE CONCEPT OF WHAT WE ARE DOING -- WE'RE SIMPLIFYING, LOWERING, REDUCING BUSINESS TAX GREATLY. THE MONEY COMING IN FROM OFFSHORE WE WOULD CHARGE 10%. THE MONEY WILL COME FLOWING IN.
Trump on GOP Problems
THEY BETTER DO IT OR YOU WON'T HAVE A REPUBLICAN PARTY. THE REPUBLICAN PARTY HAS TREMENDOUS STRUCTURAL DISADVANTAGES RIGHT NOW TO WINNING AN ELECTION AGAINST THE DEMOCRATS IF YOU ARE RUNNING FOR PRESIDENT. THE WAY THE STATES SET UP AND SO MANY OTHER THINGS. FRANKLY, I NEVER THOUGHT OF IT THE WAY YOU PUT IT, BUT THATS THE WAY OF PUTTING IT. UNLESS WE START CHANGING, WE WON'T HAVE A REPUBLICAN PARTY. WE'RE NEVER GOING TO WIN ANOTHER ELECTION.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 371 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/mediavillage/networks/cnbc/.