“The tax relief that this Congress has given now in terms of four tax cuts has overwhelmingly gone to the people at the very top of the income scale in America.” PeopleAmericaGivenTermGoneFourCuttingTaxesCongressScalesIncomeReliefTax Cuts Author:Richard Neal
“Obama has demonstrated no desire to make tough choices. Americans demand a more efficient, effective government, but his budget calls for more taxes and more spending. It employs deceptive accounting gimmicks but does nothing to tackle long-term entitlement problems, nothing to save Medicare or fix Social Security.” LongDoeProblemGovernmentDesireChoicesSocialTermSecurityDemandTaxesToughSpendingBudgetsLong TermEfficientSocial SecurityEntitlementAccountingMedicareSave MeDeceptiveGimmicksTough Choices Author:Reince Priebus
“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
“When you talk about a 'broad-based business tax,' that's a pretty broad term. I don't know what that means. But it's not something I would be supportive of.” KnowsMeanWould BeTermTaxesBroadsSupportive Author:Brian Sandoval
“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
“Near-term deficits are temporary and manageable if - and only if - we keep spending in check, the tax burden low and the economy growing.” IfsTermEconomyGrowingTaxesLowsBurdenSpendingChecksTemporaryDeficitManageableIfs AndTax Burden Author:Jim Nussle
“With various people complaining about "price gouging?... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" ? not even when they bulldoze people's homes in order to turn.” PeopleHomeGovernmentOrderTurnsTermTaxesGreedVariousComplainingEconomistAccused Author:Thomas Sowell
“One of the most important things for a country, particularly when it's seeking to attract long-term capital in big risky projects that are going to have a payback over many years if not decades, is to be seen as being a predictable environment where tax changes will be few. But if they are going to come about they'll come about in a way that you know is predictable, understandable.” IfsKnowsWayYearsLongImportantCountryBigsTermEnvironmentTaxesProjectsImportant ThingsSeekingDecadesLong TermPredictablePayback Author:Malcolm Turnbull
“President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.” LongAmericaSidesGrowthPresidentTermEconomicPolicyTaxesEssentialsUnderstoodEconomicsSpendingLong TermEconomic PolicyPresident ReaganSupply Side Economics Author:Bob Beauprez
“It has been obvious all along, to anyone paying attention, that the politicians shouting loudest about deficits are actually using deficit hysteria as a cover story for their real agenda, which is top-down class warfare. To put it in Romneyesque terms, it's all about finding an excuse to slash programs that help people who like to watch Nascar events, even while lavishing tax cuts on people who like to own Nascar teams.” PeopleHas BeensRealHelpingStoriesTermAttentionClassWatchesCuttingTeamEventsPoliticianTaxesFindingsProgramObviousExcusePay AttentionAgendasWarfareDeficitShoutingHysteriaTax CutsClass WarfareTop DownNascar Author:Paul Krugman
“The challenge for any government is how do you do two things at the same time. How do you put money forward for things like the payroll tax holiday, for things like getting a jump-start on infrastructure, for building schools, and make the decisions for long-term deficit reduction.” LongTwoGovernmentSchoolTermChallengesDecisionBuildingTaxesLong TermTwo ThingsHolidayInfrastructureDeficitReductionPayrollPayroll Tax Author:Jacob Lew
“Devolving APD to Scotland is merely tinkering with it. We have to get shot of this hated tax right across the country to ensure all of our airports are competing on level terms.” CountryTermLevelsTaxesShotsHatedScotlandCompetingAirportsTinkering Author:Brian Donohoe
“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
“We must recognize that the goal of a cleaner environment will not be achieved by rhetoric or moral dedication alone. It will not be cheap or easy and the costs will have to be borne by each citizen, consumer and taxpayer. How clean is clean enough can only be answered in terms of how much we are willing to pay and how soon we seek success... It is simplistic to seek ecological perfection at the cost of bankrupting the very tax-paying enterprises which must pay for the social advances we seek.” EnoughSocialEasyGoalTermPayMoralEnvironmentWillingCitizensCostTaxesPerfectionCleanEnvironmentalConsumersEnterpriseDedicationPollutionRhetoricTaxpayersEcologicalCleaners Author:Richard M. Nixon
“Most asylum seekers do get permanent visas, so the earlier they receive the appropriate help, the faster they will become part of the community. They'll get jobs and start paying taxes too. They will see Australia as a nation with a sense of care and concern. That's so important for a cohesive society. It helps build a sense of belonging. And in terms of common decency, it's what should be happening... For God's sake, this is Australia, people should be treated with decency and humanity.” PeopleShouldImportantHelpingCareJobsHumanityNationsTermCommunityCommonTaxesHappeningsConcernSakeTreatedFasterPermanentAppropriateAustraliaBelongingDecencySeekersAsylumsVisaPaying TaxesAsylum SeekersCommon DecencyCare And Concern Author:Malcolm Fraser
“There's such a wide variation in tax systems around the world, it's difficult to imagine a harmonized CO2 tax that every country agrees to. That's not in the cards in the near term. But the countries that are doing the best job, like Sweden, are already doing both of these. I think that eventually we'll use both of them but we need to get started right away and the cap-and-trade is a proven and effective tool.” ThinkingWorldNeedsCountryUseJobsDifficultTermImagineTaxesToolsAgreeTradeWideCardsAround The WorldProvenVariationCapsBest JobSwedenCo2Tax System Author:Al Gore
“The corporations who invest in lobbyists, it pays in terms of tax loopholes, tax subsidies, all the rest. It pays. Clearly, the money has a big effect.” BigsTermPayEffectsTaxesCorporationsSubsidiesLobbyistsLoopholes Author:Mark Shields
“Donald Trump said that if President Obama releases his birth certificate, Trump will release his tax return. Obama said he won't run for a second term if Trump releases that thing on his head.” IfsSaidRunningPresidentTermReturnTrumpBirthTaxesReleasePresident ObamaCertificatesBirth CertificateTax Returns Author:Conan O'Brien
“In the name of short-term stimulus, he [Obama] will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government.” GivingDoeGovernmentNamesProcessTermPoorNumbersPayHalfClassCuttingMiddleTaxesThirdsMajorityCurrentsCreditIncomeChecksPermanentWelfareMiddle ClassHouseholdExpandingShort TermStimulusIncome TaxAmerican Family Author:Dick Morris
“...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes. I see terrible mistakes from people being overly motivated by tax considerations. Warren and I personally don't drill oil wells. We pay our taxes. And we've done pretty well, so far. Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it.” PeopleTryingWellsLongDoneWould BeCausesTermPayMistakeToo MuchAdviceTerribleOffersTaxesStandardsLifetimeOilDumbConsiderationMotivatedShelterLong LifeDrillsReally Dumb Author:Charlie Munger
“Something got screwed up in terms of your priorities if you think it's more important to get rid of the dividend tax than it is to take care of 11 million kids.” IfsThinkingImportantCareKidsTermMillionsTaxesTake CarePrioritiesScrewed UpDividends Author:David S. Broder
“I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).” PeopleLongBodyAbleTermPolicyTaxesGainsRateBlowLikesLong TermEndeavorDesirableDiggingCertificatesShufflingCapital GainsDigging Ditches Author:Warren Buffett
“In the U.S. Senate, in the short term we need to reduce the tax burden on hard working individuals, families, and small businesses.” NeedsHardIndividualTermHard WorkTaxesBurdenSenateSmall BusinessShort TermTax Burden Author:Joni Ernst
“Over the longer term, we need to work toward a pro-growth tax code that is fairer and simpler than what we have now. Anything that meets those criteria is going to be better than the failing and dysfunctional tax code we have today.” NeedsTodayGrowthTermFailingTaxesCodeCriteria Author:Joni Ernst
“I think companies trying to exercise a so-called inversion should be hit with an exit tax. So I want to change behaviors, and I am deeply distressed about quarterly capitalism, because I think it is causing businesses to make decisions that are not helping the long-term profitability of American corporations or the success of our economy.” ThinkingWantShouldTryingLongHelpingTermDecisionCompanyEconomyExerciseTaxesBehaviorCapitalismCorporationsLong TermExitProfitabilityInversions Author:Hillary Clinton
“The Government in their own terms, for example, they banked the income for the backpackers' tax. But they had a process attached to the backpackers' tax of review that they wanted to go through. What the Government's saying now with this bill is any process, any detail, any reinvestment that Labor had as part of its package, we're meant to ignore all of that and it's only the cut part of it that we're meant to be committed to.” GovernmentWantedProcessTermCuttingExampleTaxesLaborBillsCommittedDetailsIncomeMeant To BeReviewsPackages Author:Tony Burke
“It looks like [Donald] Trump's plan has the potential to actually move the needle on economic growth because he wants to lower taxes and lower regulations. That would be very powerful in terms of creating jobs.” WantLooksWould BeJobsMovingGrowthTermPowerfulPlansEconomicTrumpTaxesCreatingRegulationEconomic GrowthVery PowerfulNeedlesCreating Jobs Author:Maria Bartiromo
“I mean the truth is, 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.” MeanTermTruth IsTaxesPaidRateLowest Author:Warren Buffett
“I am aware of what the position is in the United States of America. If somebody gives to charity, then he gets a tax incentive, provided the charity is registered in terms of the law.” IfsGivingStatesAmericaLawTermUnitedUnited StatesPositionTaxesCharityUnited States Of AmericaIncentives Author:Nelson Mandela
“You have a sense that [Donald] Trump will probably reimagine where the Republican Party is on that issue and some others. But then I think conservatives may win in some areas, too - tax reform. So it's just - it's an enormously exciting time in terms of the possibilities.” ThinkingMayWinningTermPartyIssuesPossibilityTrumpRepublicanTaxesAreasExcitingReformRepublican PartyTax Reform Author:Margaret Hoover
“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.” PersonsLongMovingOrderThreeTermPayPolicyTaxesHighestGainsRateStartingFavorsIncomeLong TermProgressiveMinimumStoppingClosingInstituteIncome TaxMinimum WageLoopholesImplementingCapital GainsCapital Gains TaxProgressive Tax Author:Philip Kotler
“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.” EnergyTermSecurityMilitaryPolicyTaxesProgramIndependenceNational SecurityEntitlementFootprintLiability Author:Anthony Scaramucci
“In order to make the tough decisions we have to know what our values are and who we're fighting for and our priorities and if we are spending $300 billion on tax cuts for people who don't need them and weren't even asking for them, and we are leaving out health care which is crushing on people all across the country, then I think we have made a bad decision and I want to make sure we're not shortchanging our long term priorities.” PeopleThinkingLongCountryCareValuesFightingTermDecisionCuttingTaxesToughLeavingPrioritiesHealth CareLong TermCrushBad DecisionTough Decisions Author:Barack Obama
“Growth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.” BelieveGrowthTermCuttingEconomicBalanceTaxesEconomic Growth Author:Mick Mulvaney
“My tax plan will cut taxes for 95 percent of workers, because we need to put money back into the pockets of struggling middle-class families and close the egregious tax loopholes that have exploded over the last eight years. My plan eliminates capital gains taxes entirely for the small businesses and start-ups that are the backbone of our economy, as opposed to John McCain's plan, which would tax these businesses. John McCain is running to serve out a third Bush term. But the truth is, when it comes to taxes, that's not being fair to George Bush.” RunningTermStruggleEconomyCuttingTruth IsTaxesSmall BusinessBackboneMccain Author:Barack Obama
“If I were a candidate for running, I'd say, "Look at what the economy has done." It's strong. We've created a lot of jobs. I'd be telling people that the Democrats will raise your taxes. I'd be reminding people that tax cuts have worked in terms of stimulating the economy. I'd be reminding people there's a philosophical difference between those who want to raise taxes and have the government spend the money, and those of us who say, "You get to spend the money the way you want to see fit. It's your money."” PeopleDoneRunningStrongTermEconomyCuttingFitTaxesPhilosophicalDemocrat Author:George W. Bush
“In the eyes of many business leaders, there is never an opportune moment for tax reform. Yes, the economy is losing momentum, but that is not because a handful of people are losing their privileges. Slow growth did not first begin during my term in office; the market downturn is making itself felt around the world. My government has responded with an agenda aimed at raising productivity. We are also investing substantially in infrastructure - the plan calls for €20.5 billion or $26.3 billion by 2021.” PeopleWorldMomentsEyeGrowthTermLeaderEconomyTaxesOfficeLosingProductivity Author:Michelle Bachelet
“Big cities like New York are thriving, economically, culturally, in terms of real estate values, and by a slew of other measures. Yet, at the same time, much of the country has been utterly hollowed out. In California, where I live, affluent coastal cities such as San Francisco and the Silicon Valley hubs have lower than national average unemployment, higher wages, higher tax bases. Meanwhile, there are inland counties in California where there's still nearly 20 percent unemployment.” RealCountryValuesTermTaxesCounty Author:Sasha Abramsky
“Obama and the Democrats' preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.” ProblemBigsLastsGrowthTermHalfCuttingEconomicTaxesArgumentIncreaseDemocratDecadesMeaningfulConclusionPrimariesJust OneDriversDeficitShort TermEconomic GrowthTax CutsEconomic ProblemsTax Increases Author:Bob Beauprez