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Taxes Quotes

“You know in fairness Gary [Johnson] and I have not agreed on a number of substantive issues in this campaign, tax policy, we've had some influence on each other, I think I've had some influence on him, on constructive engagement around the world, he's had some influence on me in criminal justice reform issues.”

“The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.”

“Because U.K. artists aren't compensated when their music is played on U.S. radio ­stations, U.S. artists aren't ­compensated when their records are played on U.K. stations based on the fact that there's no reciprocity. If that income came in, our ­artists would be paying income taxes on it. So if we can get a lot of policy on the radar, that may have some positive influence.”

“I remember when I was in Chicago and data started coming out that when black folks walk into an auto dealership, and women, too, to some degree, they are automatically given higher quotes, worse deals. And this was just documented extensively across auto dealerships around the country. There was a tax being imposed on black folks. By collecting that data, you can construct policies to combat that.”

“Trump has been very, very open and clear on what he's going to do. He's going to make the U.S. very competitive on taxes, corporate and personal. He's eliminating policy on carbon and the regulatory environment on shale and energy and pipeline development. These are all things that Canada has to do and we no longer have a competitive environment to do them in. It manifests itself in the slow grind of our economy.”

“If we can’t puncture some of the mythology around austerity, politics or tax cuts or the mythology that’s been built up around the Reagan revolution, where somehow people genuinely think that he slashed government and slashed the deficit and that the recovery was because of all these massive tax cuts, as opposed to a shift in interest-rate policy - if we can’t describe that effectively, then we’re doomed to keep on making more and more mistakes.”

“I think people will lie to pollsters. I think the truth of Obama and what people think of Obama is when you ask people about his agenda and then nobody likes anything. They don't like Obamacare. They don't like the Iran policy. They don't like taxes. They don't like anything he's done. But you put him in the question and people get scared to say anything negative because of the racial component.”

“Trump can, like every government, trigger a short boom with borrowed money, just like he has announced. He appears to want to adopt the economic policy approach favored by Republicans of putting lots of money into building roads and cutting taxes. Markets like that. But, at the end of the day, someone always has to foot the bill.”

“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.”

“When I left law school, I wanted to go into the government, into the tax policy area. I got the job that I wanted in the International Tax Council's office in Treasury. I arrived determined to change the world. But I discovered very quickly that the world couldn't care less. And I couldn't stomach the lying and stealing that I witnessed. I realized that the only difference between my mother's family and the senators and administrators that I was working with was that the latter wore suits and ties.”

“We know through the process of energy independence, our whole geopolitical footprint changes in terms of our national security and how we operate the American military. In addition to that we've got all these forward liabilities on these entitlement programs that, with the right tax and the energy policy, we can pay down and offset some of those liabilities.”

“Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.”

“When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists call "incidence of taxes." If most of the savings is being done by capitalists, and you tax the return on capital, then they will have less to invest. That would mean, over the long run, that the rate of interest would go up. That would therefore undo some of the intent to lower the income of capitalists.”

“Donald Trump ran for office complaining that at $19 trillion, the US debt was completely out of control, and yet what he's planning to do is throw trillions of dollars more onto that debt. If the proposed tax plan cuts upon the wealthiest Americans is enacted, 10 years from now America's debt will be over $30 trillion. And so, he's contradicting, his own stated positions. And that's because, to Donald, none of this is about policy. It's not about sound economics. It's about greed and the glorification of the great leader.”

“The Bush Republicans' policies are, the antithesis of patriotic. And so we urge Democrats to reclaim patriotism - to call on all Americans to pull together. And, yes, to sacrifice. Rich people will have to do with fewer tax cuts. Middle class people will need to drive less and switch to more fuel efficient cars . And poor folks - especially young ones - will have to reduce out-of-wedlock pregnancies and other indicia of social pathology.”

“Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.”

“We need a common European tax policy that closes these tax loopholes. We need a common European social policy that prevents social dumping. We need an effective securing of our external borders and a smart way of fighting terrorism. Acting as a state within a national framework is no longer enough. The German chancellor has completely failed to convey that throughout her years in power. We need a re-start for Europe.”

“I want to end tax dumping. States that have a common currency should not be engaged in tax competition. We need a minimum tax rate and a European finance minister, who would be responsible for closing the tax loopholes and getting rid of the tax havens inside and outside the EU. It is also clear that we have to reach common standards in our economic and labor policies. We cannot continue to just talk about technical details. We have to inspire enthusiasm in Germany for Europe.”

“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.”