The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion – famously drawn on a napkin – that cutting taxes would lead to higher tax revenues.
I’ve voted in some cases to remove and reduce tax breaks for the oil industry in other cases I’ve voted not to because I felt that the proposals covered too much.
My early years as a political activist were dominated by the poll tax.
What Canada has to do is to have a government connected to the priorities of the people of which it is elected to serve. Those priorities include ensuring medicare is sustainable, support for the military, and tax and justice systems that work.
Mitt Romney speaking to a $50,000-a-plate Republican fundraiser says he doesn’t have to worry about the 47 per cent of Americans who don’t pay tax. He was not counting on the smart phone recording his speech and then posting it on YouTube.
Moreover, from reforming the tax code to our immigration system, to commonsense legal reform, President Bush put America on notice that he will continue fighting to make the country, and the world, a better place for future generations.
Speaking of tax fairness, it was Senator Kerry who voted to increase the income tax on senior citizens on Social Security, earning as little as $32,000 a year.
When there is an income tax, the just man will pay more and the unjust less on the same amount of income.
It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
The tax code is not the only area where the administration is helping the rich get richer and the poor get poorer. It has spent $155 billion for an unnecessary war driven by fear.
Democrats are not about to nominate anyone who backs the tax cut, and Americans are not going to elect anyone who favors a tax increase.
Expeditions are escapism. The stuff that we’re normally concerned about just doesn’t matter out there. Tax returns, gas bill, none of it. Life becomes very simple, it’s about moving in a certain direction – north if you’re going north – staying warm and not getting eaten. That’s it.
Demographics show that we are entering a battle between young and old. I call it the ‘Age War.’ The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.
No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised, whether it’s their capital gains tax, their income tax, investment tax, any tax.
Facebook is not a physical country, but with 900 million users, its ‘population’ comes third after China and India. It may not be able to tax or jail its inhabitants, but its executives, programmers, and engineers do exercise a form of governance over people’s online activities and identities.
You know, gentlemen, that I do not owe any personal income tax. But nevertheless, I send a small check, now and then, to the Internal Revenue Service out of the kindness of my heart.
In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years.
Why would we want to keep a tax cut that’s failed? Why would we not want to go back to the Clinton tax code? And why would we not want to help every family more with a health-care plan like mine? Let’s help average people. Let’s be Democrats.
Conventional wisdom on government’s role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive.
I like Ronald Reagan, who didn’t play crass politics, and he just articulated and delivered on broad themes that were needed. Free markets meant free markets. Deregulation. Lower tax rates. Strong national defense. And he was credible and believable.
If you increase the sales tax… everybody would be taxed.
The power to tax is the power to destroy.
The income tax is flawed for a number of reasons – it discourages economic growth and encourages a bloated government.
Reagan didn’t put anything off the table, if he felt it was for the good of the American people to tweak the tax system.
We believe our hard-earned tax dollars should just go for America, not, for what? China, Russia, the Middle East, Guam, whatever, wherever.
At a certain point, you can’t tax people beyond a certain level.
The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.
It’s easy to have strong, visceral feelings about disrespecting America. It’s harder to get passionate about tax law.
In almost every case, whenever a tariff or quota is imposed on imports, that tax is strongly supported by the domestic industry getting the protective shield from lower-priced foreign competition. The sugar industry supports sugar tariffs; textile mills lobby for tariffs on foreign clothing.
I think you need to have a tax system that basically is flat, fair and simple. And – that you can put on a post card. I mean, even Timothy Geithner could do this one and get it on time.
I don’t believe there’s a red state in America where people believe you should cut Medicare, Social Security and veterans’ benefits rather than doing away with corporate tax loopholes.
The Obama administration’s large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.
I still believe a majority of Republicans are for income tax cuts.
We are all are equal, but some pay higher tax rates than others.
What I want to do is make certain that no one’s taxes go up. Let’s look at cleaning up the tax code.
President Obama likes to talk about the Buffett Rule. Well, here’s a Buffett Rule that all Americans should be able to support: mom and pop businesses should not pay a higher tax rate than Fortune 500 corporations like Warren Buffett’s.
But I always seem to finish a book and then think, oh God, I’ve got to pay a tax bill, so I’d better write a novel, so I tend not to stop and learn word processing.
Well, you know, we’ve got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
If I tax them, in fact, I’m not taxing the capitalists, I am taxing the people who have saved, trusted. It was very controversial, those sorts of things. But finally, it worked out.
Eliminating the Death Tax will continue to restore consumer confidence, spur capital investment, and create new jobs which are critical components of economic growth, particularly within the small business community.
Tea Partiers hate government more than they hate the national debt. They refuse to reduce that debt with tax increases, even with tax increases on the wealthy, because a tax increase doesn’t reduce the size of government.
I don’t want to get into the ‘who’s a hostage-taker’ discussion here, but what is the estate tax? It’s a double tax on death. Economists will tell you that it’s really not a tax that soaks the rich, but it’s a tax on capital that deprives business investment and therefore job creation.
Republicans don’t seem to mind taking inflation into account when the subject is tax rates.
Everyone else is parsing it in terms of lowering the corporate income tax. Eliminate it. It’s not that big of a generator of income, and it’s a double tax. Get rid of it, and you would have an explosion of hiring.
High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.
Obama and the Democrats’ preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
We’ve been able to access deals that under our former relationship with Disney – with tax advantages and strategic partners – that we just weren’t able to do.
Censure is the tax a man pays to the public for being eminent.
The platform we had in Dallas, the 1984 Republican platform, all the ideas we supported there – from tax policy, to foreign policy; from individual rights, to neighborhood security – are things that Jefferson Davis and his people believed in.
It may be that the carbon tax is the final chapter in the strange death of Labor Australia.
Well, I think the reality is that as you study – when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.
With my support, the House of Representatives recently voted to permanently repeal the death tax so that family farms and businesses can be passed down to children and grandchildren.
