“Marginal tax rates are the lowest they've been in generations, and all we can talk about is tax cuts.” CuttingGenerationsTaxesRateLowestTax Cuts Author:Patrick McHenry
“In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years.” YearsHas BeensTwoJobsPastSituationMillionsEffectsTaxesRateReliefTwo YearsSoarRevenueDeficitOver The Past Author:Randy Neugebauer
“Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.” PeopleWayBelieveAmericaOrderAsksHousePresidentPayShareSpecialTaxesFairsRateReformCodeTreatmentWealthyRight WayAbsentLoopholesFair ShareTax ReformSpecial Treatment Author:David Plouffe
“President Obama likes to talk about the Buffett Rule. Well, here's a Buffett Rule that all Americans should be able to support: mom and pop businesses should not pay a higher tax rate than Fortune 500 corporations like Warren Buffett's.” ShouldWellsAblePresidentPaySupportMomHigherTaxesFortuneRatePopsLikesCorporationsPresident ObamaBuffettWarren Buffet Author:Rob Portman
“When you tax capital gains income, you don't help the economy, you hurt the economy, which is why President Kennedy, President Reagan, President Clinton and President Bush all believed we should have a lower rate for capital gains.” ShouldHelpingPresidentHurtEconomyTaxesGainsShould HaveClintonRateIncomePresident BushPresident ClintonPresident ReaganPresident KennedyCapital Gains Author:Rob Portman
“President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.” WayYearsPresidentCuttingTaxesRaisesRateCongressObviousPresident ObamaEarningRevenueTax Cuts Author:Christina Romer
“All I'm doing is I'm filling out my tax returns - or my accountants are, and I'm paying whatever I'm supposed to pay, though I'm giving away a large amount of the money and that probably lowers my tax rate because I'm giving away so much money. But change the law, but don't blame me for the law. I'm not writing the law. I didn't write the law.” GivingWritingLawPayReturnAmountTaxesBlameRateFillingAccountantsBlame MeTax ReturnsDon't Blame Me Author:David Rubenstein
“There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.” LongWarJobsAmericaLeftTermTaxesOfficePercentGainsRateLong TermEldersCapital Gains Author:Andrew Tobias
“My own experience, though, as a business executive and as a governor, tells me that businesses are interested in a lot more than a low tax rate when they decide where to locate.” My OwnTaxesLowsRateExecutivesGovernors Author:Jack Markell
“First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.” FirstsEnergyPayCompanyShareIndustryHigherTaxesPercentFairsRateCurrentsOilDebateDespiteGasFair ShareOil And Gas Author:John S. Watson
“I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure.” DecisionLevelsResultsEconomyCenturyParticularTaxesLowsThirdsRateExperimentsInequalityRegulationLow LevelTrickle Down Author:Joseph Stiglitz
“I'm for eliminating deductions and taking some of the money to buy down rates and put it on the debt. That's not raising taxes. That's solving a problem.” ProblemTaxesRateDebtEliminatingDeductionsRaising Taxes Author:Lindsey Graham
“There's something wrong when hedge fund managers pay lower tax rates than nurses or the truckers” PayTaxesRateManagersFundNurseHedge FundTruckers Author:Lindsey Graham
“Jesus refers to the poor over and over again. There are 2,000 verses of Scripture that call upon us to respond to the needs of the poor. And yet, I find that when Christians talked about values in this last election that was not on the agenda, that was not a concern. If you were to get the voter guide of the Christian Coalition, that does not rate. They talk more about tax cuts for people who are wealthy than they do about helping poor people who are in desperate straits.” PeopleIfsNeedsDoeHelpingChristianLastsValuesJesusPoorChristianityCuttingTaxesConcernElectionRateGuidesScriptureDesperateAgendasWealthyVotersVersesPoor PeopleCoalitionsTax CutsHelp Poor People Author:Tony Campolo
“In the last few decades entire new categories of waste have come to plague and menace the American scene. Pollution is growing at a rapid rate. Pollution destroys beauty and menaces health. It cuts down on efficiency, reduces property values and raises taxes. Almost all these wastes and pollutions are the result of activities carried on for the benefit of man. A prime national goal must be an environment that is pleasing to the senses and healthy to live in. Our Government is already doing much in this field. We have made significant progress. But more must be done.” MenMadeDoneGovernmentLastsValuesGoalResultsBeautyEnvironmentCuttingGrowingProgressFieldsHealthySceneActivityTaxesWasteBenefitsRaisesPropertyRateDecadesSensesSignificantPrimeCategoriesPollutionEfficiencyPlagueRapidsMenacePollution Control Author:Lyndon B. Johnson
“The whole trouble with the Republicans is their fear of an increase in income tax, especially on higher incomes. They speak of it almost like a national calamity. I really believe if it come to a vote whether to go to war with England, France and Germany combined, or raise the rate on incomes of over $100,000, they would vote war.” IfsBelieveWarWholeSpeakTroubleHigherRepublicanTaxesVoteIncreaseEnglandRaisesRateIncomeFranceGermanyCalamityIncome Tax Author:Will Rogers
“When you can identify a specific tax that people don't like, and this is one that was designed for the Rockefellers, for the Carnegies in 1916, to fund World War I, but now it's beginning to hit small business people, real estate holders, a lot of people well down the income scale who just spent a life building assets. Suddenly they get hit with a 40%, 50% tax rate.” PeopleWorldWellsWarRealBuildingTaxesRateScalesIncomeWar Of The WorldsFundAssetsWorld War IEstatesSmall BusinessCarnegie Author:Paul Gigot
“If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you bring those rates down, those small businesses are able to keep more money and hire more people.” PeopleIfsWantAbleJobsAmericaIndividualEconomyFourEasierTaxesPercentWorkersRateFiftyMore MoneySmall Business Author:Mitt Romney
“HALF of America pays NO taxes. Zero. So they're happy for tax rates to be raised on the other half that DOES pay any taxes.” DoeAmericaPayHalfTaxesRaisedRateZeroOther Half Author:Rick Warren
“We also need to encourage Americans to become more fiscally responsible themselves. We can do this by redesigning our tax system into an expenditure tax with a single flat rate. ... We have to substantially reduce the size and scope of the federal government, fundamentally increase the role of the states in choosing their own practices, and bring decision-making closer to the people, not to unelected administrators. These steps are crucial to getting our nation on a path of fiscal, political and constitutional responsibility.” PeopleNeedsStatesGovernmentPoliticalNationsCan DoDecisionResponsibilityStepsRolesPracticePathTaxesIncreaseResponsibleRateSizeDecision MakingFlatsCrucialFederal GovernmentScopeExpendituresAdministratorsTax System Author:Edwin Feulner
“"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.” GivenRaceTaxesPercentHotRateAverageTrackDecentInvestorsInflationSteepRace Track Author:William Poundstone
“The rich believe that they're different and that it is their right to pay a much lower tax rate. The response that you see from people on Wall Street, their dismissal and their almost contempt for the concerns about their culpability in the financial crisis, about the income inequality, shows that they are completely out of touch.” PeopleBelieveDifferentShowsPayRichStreetsWallTaxesConcernCrisisResponseRateFinancialIncomeInequalityContemptFinancial CrisisIncome InequalityDismissalCulpability Author:Robin Wells
“Canada, the United States and Mexico, we developed these energy reserves that we have in this North American region. And you can see a not only driving down the cost of electricity but a major manufacturing boom in this country. Couple that with tax policy, reduction, reducing the corporate tax rate, and that I think a renaissance in manufacturing like we've never seen in this country and really drive the economy.” ThinkingCountryStatesEnergyUnitedUnited StatesEconomyPolicyCoupleCostTaxesMajorsRateDrivingCorporateCanadaRegionsMexicoReservesElectricityReducingManufacturingRenaissanceReduction Author:Rick Perry
“The Senate needs to leave enough money in the proposed budget to not only reduce all marginal rates, but to eliminate the death tax, so that people who build up assets are able to transfer them from one generation to the next, regardless of a person's race.” PeopleNeedsPersonsEnoughHumorAblePoliticalNextRaceGenerationsTaxesRateBudgetsAssetsSenateTransfersPolitical Humor Author:George W. Bush
“Revenues should be increased not by increasing the tax rates on the individual but by building a bigger economy for everybody.” ShouldIndividualEconomyBuildingTaxesBiggerRateRevenueAmerican Politics Author:Ronald Reagan
“The rich have grown richer, but their tax rate has declined. The poor have grown poorer, but their taxes have increased.” PoliticalPoorRichTaxesRate Author:Michael Parenti
“I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.” PeopleIfsThinkingShouldLooksCountryTermSituationCrazyTaxesOfficePaidRateAverageSecretaryLowestAccountingPayrollForbesPayroll Tax Author:Howard Warren Buffett
“A lot of people out there working hard and finally building up to getting a pretty good income. Higher tax rates on them, you know, the income rates going up, the dividend rates are going up, the capital gains rates all going up before health care kicks in.” PeopleKnowsHardCareBuildingHigherTaxesGainsRateIncomeHealth CareKicksDividendsBuilding UpCapital Gains Author:Fred Thompson
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.” GovernmentPastFoundPartyEconomyRepublicanTaxesLowsStandardsEconomicsMethodInstitutionsRateCurrentsRefuseDebtExpensesExtensionsRepublican PartyEquipmentBargainsSampleSecuredAccommodations Author:Calvin Coolidge
“I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7, and that's our - our government's objective.” I CanGovernmentGoalForgetTaxesPercentRateSignificantObjectivesCorporateTargetRelevantLowestMargins Author:Stephen Harper
“Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.” IfsLooksStatesLastsNationsGroupsEconomicAmountTaxesHighestRateDecadesNineIncomeCompareZeroIncome TaxMetrics Author:Arthur Laffer
“The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over this period.” StatesGrowthPeriodsTaxesHighestRateIncomeFasterZeroRevenueIncome Tax Author:Arthur Laffer
“If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.” IfsYearsBelieveLooksStatesLastsI BelieveDifferencesNumbersAmountTaxesHighestPerformancesRateDuesDecadesIncomeZeroIncome Tax Author:Arthur Laffer
“There are several states that move from Karl Marx-like policies to Adam Smith-like policies and back again in a weekend. So for the states with huge volatility in their income tax policies over time, the differences in growth rates in those periods are really amazingly consistent with tax rates really mattering.” StatesMovingGrowthDifferencesPolicyHugePeriodsTaxesRateIncomeConsistentWeekendAdamIncome TaxBack AgainReally AmazingVolatility Author:Arthur Laffer
“The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.” TryingGovernmentCausesGrowthPovertyEconomicTaxesDespairAll ThingsIncreaseRateSpendingPieUnemploymentShrinksEconomic GrowthAlleviate Author:Arthur Laffer
“Dean Swift proposed to tax beauty, and to leave every lady to rate her own charms; he said the tax would be cheerfully paid and very productive.” SaidWould BeTaxesPaidRateCharmProductiveDean Author:Arthur Frederick Saunders
“It is a myth that higher taxes lead to less demand and slower growth. In the first three decades after World War II, US top tax rates on the wealthy were never below 70 percent.” WorldFirstsWarThreeGrowthHigherDemandTaxesPercentRateMythDecadesWar Of The WorldsWealthyWorld War IiWorld War I Author:Robert Reich
“Rather than setting property taxes on the value of land and improvements, I'd advocate a plan to set rates based on land values across the entire neighborhood.” ValuesPlansLandTaxesPropertyRateImprovementSettingSettingsNeighborhoodProperty Taxes Author:Mark Noble
“Start by scrapping the tax code. Don't fiddle with it. Junk it. Throw it out. Bury it. Replace it with a pro-growth, pro-family tax cut that lowers tax rates to 17% across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income.” FirstsChildrenIndividualGrowthPayFamilyFourCuttingTaxesRateImprovementIncomeCodeBoardsJunkTax CutsFiddleExemption Author:Steve Forbes
“You know, people like Hillary Clinton think you grow the economy by growing Washington. I think most of us in America understand that people, not the government creates jobs. And one of the best things we can do is get the government out of the way, put in reign in all the out of control regulations, put in place and all of the above energy policy, give people the education, the skills that the need to succeed, and lower the tax rate and reform the tax code.” PeopleThinkingKnowsWayNeedsGivingGovernmentJobsAmericaEnergyGrowsCan DoEconomyGrowingPolicySucceedSkillsTaxesClintonRateReformCodeBest ThingsRegulationReignEnergy Policy Author:Scott Walker
“High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.” HeartWinningNationsClassRichPaintingHigherPoliticianTaxesCreatingResourcesVoteRateSeekingIncomeOpponentsFraudFairnessWarfareRhetoricDefendersPhonySlipperyDonationClass WarfareLoopholesBracketsHigh Taxes Author:Thomas Sowell
“We owe to every businessperson and worker in America the best environment in the world to create a job. We owe that to American business. 35 percent corporate tax rate is the second highest in the world. We need to lower it so they don’t leave.” WorldNeedsHelpingJobsAmericaGoalClassEnvironmentFiveMiddleTaxesHighestPercentWorkersRateCorporateThirtyMiddle ClassAmerican Business Author:Lindsey Graham
“So I'm not proposing anything radical. I just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under Bill Clinton. Back when our economy created nearly 23 million new jobs, the biggest budget surplus in history, and plenty of millionaires to boot. ... At the same time, most people agree that we should not raise taxes on middle-class families or small businesses -- not when so many folks are just trying to get by.” PeopleShouldTryingYearsBelieveJobsClassMillionsEconomyMiddleTaxesRaisesAgreeBillsClintonRateFolksIncomeRadicalPlentyBudgetsMiddle ClassBootsSmall BusinessMillionaireIncome TaxBack WhenSurplusNew JobJust BelieveMiddle Class Family Author:Barack Obama
“The most absurd public opinion polls are those on taxes. Now, if there is one thing we know about taxes, it is that people do not want to pay them. If they wanted to pay them, there would be no need for taxes. People would gladly figure out how much of their money that the government deserves and send it in. And yet we routinely hear about opinion polls that reveal that the public likes the tax level as it is and might even like it higher. Next they will tell us that the public thinks the crime rate is too low, or that the American people would really like to be in more auto accidents.” PeopleIfsThinkingKnowsWantNeedsGovernmentMightWould BeWantedNextLevelsPayOpinionOne ThingCrimeFiguresHigherTaxesLowsDeserveRateAccidentsLikesAbsurdPublic OpinionPollsCrime RatesOpinion Polls Author:Llewellyn Rockwell
“The billionaires pay an effective tax rate lower than nurses or truck drivers. That makes no sense at all. There has to be real tax reform, and the wealthiest and large corporations will pay.” RealPayTaxesRateReformCorporationsDriversNurseBeing RealTruckBillionaireTax ReformTruck Driver Author:Bernie Sanders
“My plan has all that. It's energy independence. It will help our economy. It's a significant tax cut for corporations, including automatic expensing. It's bringing all those profits home from Europe without any taxation. It's lowering our corporate - or our personal rate to 28 percent, the same rate that Ronald Reagan had.” HelpingHomeEnergyEconomyCuttingPlansTaxesPercentEuropeIndependenceRateIncludingProfitSignificantCorporateCorporationsTaxationTax CutsEnergy Independence Author:Sean Hannity
“Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.” WellsSelfWholeCertainNationsTaxesRateHeightTax System Author:Ludwig von Mises
“It's one thing to maintain that upper-income earners should pay higher tax rates because they are better able to shoulder the burden for essential government services. But it's constitutional blasphemy to claim that the tax code should be used as a weapon against the wealthy and that the state should be the tyrannical arbiter of how income is distributed.” ShouldStatesGovernmentAbleUsedPayOne ThingHigherTaxesEssentialsWeaponsClaimsRateBurdenShouldersIncomeCodeWealthyBlasphemyArbiterGovernment Service Author:David Limbaugh
“President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.” WarStatesCoursesNationsPresidentInterestKnownPovertyPlansTaxesPercentThirdsRateAverageProsperityIncomeLocalsAdministrationContributionWealthyPresident ObamaJohnsonNotableMortgageIncome TaxCharitableDeductionsWar On PovertyPresident Lyndon Johnson Author:Dick Morris
“The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.” WayAbleInterestTaxesConsequenceIncreaseSellsRateAbsenceInevitableFundFedsPrintInflationDeficitPrintingRecessionsTreasuryInterest RateBuyersRunawayTax Increases Author:Doug Casey