Words matter. These are the best Deduction Quotes from famous people such as Basil Hume, Matthew Desmond, Randall L. Stephenson, Bernie Sanders, Robert Reich, and they’re great for sharing with your friends.
We are blind: we cannot see God with our senses, and our deductions from what we know or are thinking about the word of God itself – how little power they have to bring us to God! We are blind, and our eyes need the touch of our Lord’s hand to enable us at times to even see dimly.
When we think of entitlement programs, Social Security and Medicare immediately come to mind. But by any fair standard, the holy trinity of United States social policy should also include the mortgage-interest deduction – an enormous benefit that has also become politically untouchable.
Get rid of the preferences and the special deductions and the loopholes… and invest in getting the tax rate to a competitive level so we stop seeing companies move off shore.
We all remember the BP oil disaster in the Gulf of Mexico, the worst oil spill in U.S. history. What is less well known is that BP is claiming a 9.9 billion tax deduction on the money they had to spend cleaning up their own mess and paying for damages they caused. That is absurd.
Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
Congress had the opportunity to extend tax relief to working families without increasing the deficit. Instead, we were handed a bill that favors the wealthy and eliminates deductions that benefit the middle class.
I have pledged to work hard to get the state and local tax deduction cap lifted.
I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all.
Capping our SALT deduction was a deliberate attempt to punish states that value quality public services.
I was elected to fight for the people of New Jersey, to win federal investment in our infrastructure, to strengthen our health care, to address gun violence, and get back our SALT deductions.
New Jerseyans knew that the SALT deduction cap would hurt.
Many tax experts say a key element to any fundamental overhaul is getting rid of certain deductions for businesses – the ‘special-interest giveaways that are masked as tax breaks,’ as House Republicans describe many of them in their own proposal.
A greater tax deduction for students is not a handout. On the contrary, it helps those who are willing to meet the challenges of higher education to invest in our collective future.
In the ‘Nude Descending a Staircase,’ I wanted to create a static image of movement: movement is an abstraction, a deduction articulated within the painting, without our knowing if a real person is or isn’t descending an equally real staircase.
We are approaching a new age of synthesis. Knowledge cannot be merely a degree or a skill… it demands a broader vision, capabilities in critical thinking and logical deduction without which we cannot have constructive progress.
Families in my community have seen their taxes go up because of the SALT deduction cap and as a result are questioning whether or not they can afford to live in New Jersey. The loss of the full SALT deduction puts an undue hardship on them.
I support both a Fair Tax and a Flat Tax plan that would dramatically streamline the tax system. A Fair Tax would replace all federal taxes on personal and corporate income with a single national tax on retail sales, while a Flat Tax would apply the same tax rate to all income with few if any deductions or exemptions.
There will be a big tax cut for the middle class. But any tax cuts we have for the upper class will be offset by less deductions that will pay for it.
Government subsidies to elite private universities take the form of tax deductions for people who make charitable contributions to them.
The precise point at which a tax deduction becomes a ‘loophole’ or a tax incentive becomes a ‘subsidy for special interests’ is one of the great mysteries of politics.
If there is one thing that most economists agree about in the realm of tax policy, it is that it’s best to broaden the base of any tax, all else being equal. That means minimizing the number of deductions and exclusions from taxable income in order to lower marginal rates and reduce distortions.
There are some tax expenditures that are there for very obvious and very important and very good policy reasons. Whether it’s the charitable deduction or the deduction for homes, it’s not a loophole.
Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class.
Amnesty is the magnet. Other magnets that you mentioned are anchor babies who get benefits in this country and employer deductions for employees, even if they are here illegally, which Mr. King is addressing.
And now, without having wearied my friends, I hope, with detailed scientific accounts, theories, or deductions, I will only say that I have endeavoured to tell just the story of the adventure itself.
I look at the idea of eliminating the state and local tax deduction as a geographic redistribution of wealth, because you’re taking money from a place like New York to provide deeper tax cuts elsewhere.
Coal and oil lobbyists added fossil fuels to a bill aimed at helping American manufacturers, so they too could claim ‘manufacturing’ tax deductions.
Indeed, if a chief question does remain: how is the power to think possible? – The power to think right and left, before and without, with and above experience? then it does not take a deduction to prove the genealogical priority of language.
The great changes in civilisation and society have been wrought by deeply held beliefs and passion rather than by a process of rational deduction.
Look, No Limit Texas Hold ’em is a game of reads, deduction and logic, and Allen Cunningham excels in each.
It would appear that the number of nonsense triplets is rather low, since we only occasionally come across them. However this conclusion is less secure than our other deductions about the general nature of the genetic code.
My first encounters with faith came about the time I was a Boy Scout, at about 14 or 15. I made the logical deduction that they operate the same way; I treated my faith like earning a merit badge, and everything about Christianity was about earning merit badges.
Even tax breaks that are supposed to help the middle class too often skew toward the wealthy. Consider the mortgage interest deduction. While political leaders in both parties have long considered it untouchable, it actually helps those at the top of the income scale far more than those at the bottom.
The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.
The National Multifamily Housing Council, a trade association of apartment owners, managers, developers and lenders, has come to the defense of the interest deduction and other provisions favorable to the real estate industry, describing them as ‘core principles’ and promising a fight.
