I don’t support any increase in income tax rates.
I really do believe most people understand raising tax rates is bad for the economy, it costs jobs. It actually in the long term undermines revenue.
We need to consider a financial transactions tax. And we need to ask whether the top marginal tax rates are really appropriate, given that the effective tax rates paid by the wealthy are often actually lower than those paid by the rest of us.
You don’t get gushers of revenue by raising tax rates. You get it through expansion.
Tax rates for the wealthy should revert to Clinton-era levels, both because it is necessary for long-term deficit reduction and because fairness dictates it. Moreover, there is no proof that higher marginal rates dissuade investment, all the rhetoric from the Right notwithstanding.
The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.
The Democrats are obsessing about raising tax rates, while the GOP talks about closing loopholes.
I think we need to have competitive tax rates in order to create jobs in this country. And I think it should be fair.
Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas tax-free.
Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas tax-free.
If we want to jack up the tax rates on the really rich, the amounts of money that would bring in are trivial compared to jacking up rates on the middle class.
Listen, I think what’s best for the economy and to create jobs is to extend all of the current tax rates – for all Americans. It – it begins to reduce the uncertainty. And for small businesspeople, they can look up and begin to plan.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man’s tax. Corporations don’t even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare.
High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.
By keeping most tax rates at present levels, Obama and the Democrats will claim that they have championed tax cuts for the middle class.
Tax rates aren’t everything with regard to incentives to work. I would probably work at a 100% tax rate next to a nude modeling studio. I’m joking, but you know what I’m saying. There’s a lot more to it than just tax rates. It’s economics that I do; I don’t do nude modeling studio economics. People do respond to taxes.
The linkage between tax rates and public services is, if not non-existent, negative.
Barack Obama is not Harry Truman, who dropped the A-bomb on Japan to stop World War II. Barack Obama is not John F. Kennedy, who lowered marginal tax rates to get economic growth and job creation. Barack Obama and the far left, they are a completely different ball of wax.
Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
And you can’t have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can’t be done.
America’s got quite reasonable tax rates from an employee point of view.
A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.
Republicans don’t seem to mind taking inflation into account when the subject is tax rates.
JFK inherited three recessions from the Dwight D. Eisenhower years. And he wound up slashing tax rates across the board, for upper, middle and lower incomes as well as corporate investment. That’s Kennedy the Democrat.
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