“It seems to me that instead of cutting taxes, we ought to be increasing the taxes to pay off the deficit, rather than let that thing build up to the point where our grandchildren's grandchildren are going to be paying for our period of time and our years at the helm.” YearsSeemsPayCuttingOughtPeriodsTaxesGrandchildrenDeficitHelm Author:Walter Cronkite
“People ask how I can be a conservative and still want higher taxes. It makes my head spin, and I guess it shows how old I am. But I thought that conservatives were supposed to like balanced budgets. I thought it was the conservative position to not leave heavy indebtedness to our grandchildren.” PeopleWantStillsI CanShowsAsksPositionHigherTaxesConservativeHeavyBudgetsBalancedGrandchildrenBalanced BudgetIndebtedness Author:Ben Stein
“Senior executives can, after a fashion, get a portion of their pay tax-free. You defer part of your income and not have to pay taxes on it, and then when you retire you have the company buy a life insurance policy on you using that money. The company can deduct that money because it is a business expense, and the money will get paid out to your children or grandchildren when you die, so you have effectively given them your money and it's never been taxed.” ChildrenFashionPolicyTaxesOur ChildrenYour ChildrenRetiringSeniorGrandchildren Author:David Cay Johnston