“I think it's important to look at what we need to do to get the economy going again. That's why I said new jobs with rising incomes, investments, not in more tax cuts that would add $5 trillion to the debt.” ThinkingNeedsLooksSaidImportantJobsEconomyCuttingTaxesAddInvestmentDebtIncomeRisingTax CutsNew Job Author:Hillary Clinton
“Independent experts have looked at what I've proposed and looked at what Donald's [Trump] proposed, and basically they've said this, that if his tax plan, which would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy, were to go into effect, we would lose 3.5 million jobs and maybe have another recession.” IfsSaidJobsLosesClassMillionsPlansMiddleEffectsTrumpTaxesIndependentBlowDebtInstanceExpertsMiddle ClassWealthyDisadvantagesRecessionsMiddle Class Family Author:Hillary Clinton
“Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.” PeopleIfsKnowsWayLooksSometimesAmountProveTaxesResponsibleDebtSettlingGoodsAssetsPortionsForgivenLiabilityIrsGoods And Services Author:Jean Chatzky
“What Donald Trump is proposing with these massive tax cuts will result in a $20 trillion additional national debt. That will have dire consequences for Social Security and Medicare.” SocialResultsCuttingSecurityTrumpTaxesConsequenceDebtMassiveSocial SecurityMedicareTax CutsNational Debt Author:Hillary Clinton
“Let the Democrates go on making its case for more government control over every aspect of our lives. More taxes to pay. More debt to carry. More rules to follow. More judges who just make it up as they go along. We Republicans, we are committed to a federal government that acts again as a servant accountable to the people, following the constitution, and venturing not one inch beyond the consent of the governed. We, we in this party, offer a better way for our country based on fundamentals that go back to the founding generation.” PeopleWayCountryGovernmentPartyPayCasesOur LivesGenerationsJudgingGoes OnRepublicanOffersTaxesAspectConstitutionFundamentalsCommittedFollowingDebtOur CountryServantInchesConsentFederal GovernmentFoundingBetter WaysConsent Of The Governed Author:Paul Ryan
“I am interested in tax policy that raises money because I don't like being in debt.” PolicyTaxesRaisesDebt Author:Rush Limbaugh
“What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.” GivingUseGovernmentEconomyTaxesElectionBottomDebtCampaignsIncomeGoodsLoadLendingGoods And Services Author:Michael Hudson
“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.” IfsWayRealInterestPayCompanyWorstTrumpTaxesPropertyProfitDebtCorporateOwnersLoadEstatesLiabilityLoopholesRaiders Author:Michael Hudson
“We may end up with a world based more on equity than debt, or more on market debt instruments than bank intermediation; but how and why we get there is a mystery. Absent significant regulatory or tax changes, and a sharp transition could be disruptive.” WorldMayEndsMysteryTaxesInstrumentsDebtSignificantTransitionEquityAbsentDisruptive Author:Alan M. Taylor
“If Thomas Jefferson thought taxation without representation was bad, he should see how it is with representation.” IfsShouldPoliticsBusinessTaxesDebtSpendingRepresentationTaxationIncome TaxTaxation Without Representation Author:Rush Limbaugh
“If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner.” IfsPoliticalFoundPoliticsPoliticianPromiseTaxesDinnerDebtSpendingMissionaryConstituentsCannibal Author:H. L. Mencken
“To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.” MindGovernmentGrowsCuttingTaxesDebtSpendingEnormousBudgetsReignDeficitProposalPrivate SectorTax CutsBudget DeficitDeficit Spending Author:Sarah Palin
“Using taxes to punish the rich, in reality, punishes everyone because we are all interconnected. High taxes and excessive regulation and massive debt are not working.” RealityRichTaxesDebtMassiveRegulationInterconnectedHigh Taxes Author:Rand Paul
“The problem is not that people are taxed too little, the problem is that government spends too much.” PeopleLittlesProblemGovernmentToo MuchTaxesConservativeDebtSpending Author:Ronald Reagan
“The taxpayer - that's someone who works for the federal government but doesn't have to take the civil service examination.” GovernmentWorkMilitaryTaxesConservativeDebtSpendingFederal GovernmentTaxationExaminationTaxpayersIncome TaxTax DayTaxes FunnyCivil ServiceFederal Taxes Author:Ronald Reagan