“Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.” ShouldLongAmericaPresidentTermSuccessfulPlansHigherTaxesElementsFinancialBudgetsLong TermFundWealthyPresident ObamaRevenueRecessions Author:Steven Rattner
“I favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand.” HelpingClassCuttingMiddleDemandTaxesFavorsMiddle ClassExtensionsRecessionsTax Cuts Author:Peter Welch
“In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated.” ShouldJobsMiddleTaxesIncreaseKillingDefeatedJustifiedRecessionsTax Increases Author:Newt Gingrich
“If you raise taxes during a recession, you head to depression.” IfsTaxesRaisesRecessions Author:George W. Bush
“History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.” ShowsLossGreaterEconomicTaxesIncreaseUnemploymentRecipesRecessionsTax Increases Author:Pete Sessions
“Americans know that we cannot tax and spend our way out of a recession, yet Democrats cant grasp this simple fact.” KnowsWayFactsSimpleTaxesDemocratCantRecessions Author:Pete Sessions
“At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.” PeopleWantNeedsGreaterEconomicTaxesToughRaisesSafetyBillsTough TimesRecessionsSafety NetMedicaidEconomic Recession Author:James Douglas, Lord of Douglas
“Canada is in budgetary deficit now only because of the recession, only because of stimulus measures, and we will come out of it. We will go back into surplus position when the economy recovers. So there is no need in Canada to raise taxes.” NeedsEconomyPositionTaxesRaisesCanadaDeficitStimulusRecessionsSurplus Author:Stephen Harper
“Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.” GovernmentCausesEconomyTaxesStandardsStructureRegulationCurrencyInflationInterventionIncompleteDistortionRecessionsDegradeStandards Of LivingCleansingGovernment Intervention Author:Doug Casey
“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
“What I do believe absolutely is that in the middle of a recession, the American middle class and working class needs a tax relief.” NeedsBelieveClassMiddleTaxesReliefMiddle ClassWorking ClassRecessions Author:Bernie Sanders
“Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.” YearsEyeRememberPerfectClassStreetsMiddleWorstPolicyWallTaxesYears AgoCrisisFinancialEightStormMiddle ClassWealthyRecessions1930sFinancial CrisisGreat RecessionPerfect Storm 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
“Donald Trump would send us back into recession with his tax plans that benefit the wealthiest of Americans.” PlansTrumpTaxesBenefitsRecessions Author:Hillary Clinton
“The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.” WantLastsEconomyMiddleDemandTaxesRaisesHolesRecessions Author:Barack Obama