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Loopholes Quotes

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Loopholes Quotes

“Now all of the ideas that I'm talking about, they are not radical ideas. Making public colleges and universities tuition free, that exists in countries all over the world, used to exist in the United States. Rebuilding our crumbling infrastructure, and creating 13 million jobs by doing away with tax loopholes that large corporations now enjoy by putting their money into the Cayman Islands and other tax havens. That is not a radical idea.”

“When I talked about Boeing and I talked about General Electric, what I was referring to is an outrage... Right now you have a loophole such that these guys are putting their profits, multi-billion dollar profitable corporations putting billions of dollars into the Cayman Islands, Bermuda, and other tax havens.”

“When I was a Senator from New York, I represented and worked with so many talented principled people who made their living in finance. But even thought I represented them and did all I could to make sure they continued to prosper, I called for closing the carried interest loophole and addressing skyrocketing CEO pay. I also was calling in '06, '07 for doing something about the mortgage crisis, because I saw every day from Wall Street literally to main streets across New York how a well-functioning financial system is essential.”

“When I think about what we need to do, we have 33,000 people a year who die from guns. I think we need comprehensive background checks, need to close the online loophole, close the gun show loophole. There's other matters that I think are sensible that are the kind of reforms that would make a difference that are not in any way conflicting with the Second Amendment.”

“In the meantime the big corporations are fleeing America for tax havens and places like Ireland, Luxembourg and the Grand Cayman Islands; the rich are finding more tax loopholes to expect; so when are the people going to basically roll up their sleeves and say, we've had enough, we're going to recapture Congress.”

“The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.”

“I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.”

“But that had been grief--this was joy. Yet that grief and this joy were alike outside all the ordinary conditions of life; they were loopholes, as it were, in that ordinary life through which there came glimpses of something sublime. And in the contemplation of this sublime something the soul was exalted to inconceivable heights of which it had before had no conception, while reason lagged behind, unable to keep up with it.”

“There is not a single loophole or curveball or open trench to fall into for the man or woman who walks the path that Christ walks. When He says, "Come, Follow Me" (Luke 18:22), He means that He knows where the quicksand is and where the thorns are and the best way to handle the slippery slope near the summit of our personal mountains. He knows it all, and He knows the way. He is the way.”

“The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.”

“Acts of creation are ordinarily reserved for gods and poets, but humbler folk may circumvent this restriction if they know how. To plant a pine, for example, one need be neither god nor poet; one need only own a shovel. By virtue of this curious loophole in the rules, any clodhopper may say: Let there be a tree - and there will be one.”

“I have a very simple philosophy of life: Kindness. Ferocious, unrelenting, ruthless, committed, passionate, kindness. Life is sacred everywhere. We all have better things to do than beat each other up. Arguing for the exception is to invest it with energy, it's to negotiate the loophole. The commitment to kindness must be total.”

“If Congress were to pass a 'flat' tax, you'd simply pay a fixed percentage of your income, and you wouldn't have to fill out any complicated forms, and there would be no loopholes for politically connected groups, and normal people would actually understand the tax laws, and giant talking broccoli stalks would come around and mow your lawn for free, because Congress is NOT going to pass a flat tax, you pathetic fool.”

“The city of Copenhagen is a climate crime scene tonight, with the guilty men and women fleeing to the airport in shame. World leaders had a once in a generation chance to change the world for good, to avert catastrophic climate change. In the end they produced a poor deal full of loopholes big enough to fly Air Force One through.”

“At some point in every racer's life he has to make his peace with cheating. I do not approve of cheating ... at all. Of course, like every successful racer, I differentiate between taking advantage of loopholes in the regulations, stretching the grey areas and outright cheating. In any given racing series I will not start the cheating. If someone else starts it, I will appeal to them and to the officials to stop it. If my efforts do not succeed, then I'll show them how it is done.”

“Walking the streets on winter nights kept him warm, despite the cold nocturnal passions of uprising winds. His footsteps led between trade-marked houses, two up and two down, with digital chimneys like pigs' tits on the rooftops sending up heat and smoke into the cold trough of a windy sky. Stars hid like snipers, taking aim now and again when clouds gave them a loophole. Winter was an easy time for him to hide his secrets, for each dark street patted his shoulder and became a friend, and the gaseous eye of each lamp glowed unwinking as he passed.”