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Tax Quotes
Tax Quotes
Arthur Laffer has taught us, 'If you tax something, you get less of it.' That's why firms are moving offshore in droves. It's not about being unpatriotic. It's that it doesn't pay, after-tax, to invest in the United States.
Lawrence Kudlow
You
Pay
States
Unpatriotic
About
Something
Invest
Arthur
Get
Offshore
Taught
Being
Tax
Moving
Us
Less
United
Why
United States
Many people do not understand that business investment is a critical prosperity-booster, leading to more jobs, higher wages, and stronger family income. Put another way, rising tax and regulatory burdens that penalize investors and businesses also punish middle-income wage earners.
Lawrence Kudlow
Family
Business
People
Stronger
Earner
Way
Punish
Critical
Jobs
Rising
More
Higher
Investment
Put
Investors
Leading
Also
Another
Another Way
Understand
Wage
Wages
Burdens
Tax
Regulatory
Businesses
Many
Income
Kennedy had already, in 1962, lowered investment taxes on business. And after his tragic assassination, his broader tax proposals were passed into law in early 1964. And they worked. The U.S. economy grew by roughly 5 percent yearly for nearly eight years.
Lawrence Kudlow
Business
Law
Broader
Percent
Proposals
Had
Investment
Economy
Passed
Yearly
Were
His
Years
Tragic
Eight
Tax
Grew
After
Taxes
Worked
Lowered
Assassination
Roughly
Nearly
Kennedy
Early
Trump's corporate tax reform would restore America's position as the most hospitable investment climate in the world. For a change, businesses and their cash would come back home.
Lawrence Kudlow
Home
Change
World
Back
Corporate
Would
Restore
Cash
Investment
Come
Most
Climate
Trump
Reform
America
Tax
Tax Reform
Businesses
Position
In Indiana, which has been hard hit by manufacturing losses, job declines, and shrinking wages, Governor Pence combined tax cuts with spending restraint to spur the Hoosier economy.
Lawrence Kudlow
Job
Spending
Has-Been
Indiana
Restraint
Combined
Economy
Wages
Been
Losses
Spur
Governor
Hit
Tax
Tax Cuts
Which
Cuts
Hard
Manufacturing
Shrinking
President Obama always gives lip service to lowering the corporate tax rate, but he never specifies a particular rate or an overall plan.
Lawrence Kudlow
Service
President
President Obama
Corporate
Obama
Rate
Gives
Never
He
Particular
Overall
Always
Lip
Lip Service
Tax
Tax Rate
Plan
Lowering
Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate.
Lawrence Kudlow
Money
Sometimes
Big
Lose
Pay
Corporate
Liberals
Top
Temporarily
Rise
Rate
Economic
Argue
Mainly
True
Because
Loss
Effective
Get
Tax
While
Then
Really
Companies
Many
Profits
Corporate tax reform should include not just large C-corps but also smaller business S-corps and LLC pass-throughs. And nearly as important as cutting business tax rates is the need to simplify the inexplicably opaque and complex system.
Lawrence Kudlow
Business
Important
Corporate
Complex
Complex System
System
Rates
Opaque
Simplify
Smaller
Also
Reform
Just
Tax
Tax Rates
Tax Reform
Cutting
Should
Large
Include
Nearly
Need
Tax reform likely will be the first policy action in a Trump administration. A close second will be a thorough repeal and rewrite of Obamacare, restoring a freer market with true consumer choice and competition among providers.
Lawrence Kudlow
Competition
Will
First
Action
Market
Thorough
Administration
Obamacare
Be The First
Restoring
Consumer
True
Freer
Likely
Policy
Repeal
Providers
Trump
Close
Reform
Rewrite
Tax
Tax Reform
Choice
Among
Second
I do think corporations should pay their tax.
Leo Varadkar
Pay
Think
Corporations
Tax
Should
Rather than undermining the Palestinian Authority, it is in Israel's interests to strengthen it by... continuing to transfer Palestinian tax revenues and pursuing other avenues of cooperation.
Leon Panetta
Other
Rather
Pursuing
Undermining
Israel
Revenues
Continuing
Than
Authority
Tax
Transfer
Tax Revenues
Avenues
Interests
Cooperation
Palestinian
Strengthen
Margaret Thatcher's decision to use Scotland as a testing ground for the poll tax was arguably the most disastrous attempt at fiscal engineering since London slapped the stamp tax on the American colonies in the 1760s.
Linda Colley
Decision
Engineering
London
Colonies
Arguably
Attempt
Since
Disastrous
Most
Fiscal
Testing
Scotland
American
Thatcher
Poll
Tax
Stamp
Use
Ground
Slapped
Margaret
Truly landmark pieces of legislation - including the Social Security Act, Medicare, and the Kennedy and Reagan tax reductions - historically have garnered strong support from both parties. The ACA did not.
Linda McMahon
Strong
Security
Strong Support
Both
Both Parties
Support
Pieces
Parties
Reagan
Reductions
Truly
Historically
Did
Legislation
Tax
Social
Landmark
Act
Social Security
Including
Kennedy
Medicare
Like all small-business owners, I know what it's like to take a risk on an idea, manage cash flow, navigate regulations and tax laws, and create jobs.
Linda McMahon
Jobs
Cash
Laws
Risk
Take
Idea
Like
Know
Manage
Owners
Tax
Create
Regulations
Navigate
Flow
If you increase taxes now on - at any level, it's going to make it harder to create jobs And we've lost 2 1/2 million jobs since the stimulus package passed. We're at 9.6 unemployment. So I don't think we tax too little, I think we spend too much.
Lindsey Graham
You
Too Much
Lost
Think
Increase
Too
Spend
Jobs
Since
Make
Passed
Stimulus
Stimulus Package
Unemployment
Any
Going
Tax
Package
Little
Taxes
Create
Much
Now
Harder
Level
Million
In my view, until the U.S. tax policy is revised, not just tax extenders but the reform of tax policy, it makes it very attractive for us to invest on acquisition overseas.
Louis R. Chenevert
Invest
Until
Attractive
Policy
Makes
Overseas
Revised
Very
Reform
Just
Tax
Tax Policy
Acquisition
Us
View
At its most basic the democratic contract is a simple one: the right to vote comes with a responsibility to society, through tax payments and citizenship.
Lucy Powell
Vote
Simple
Responsibility
Society
Citizenship
Through
Most
Democratic
Contract
Tax
Payments
Right
Basic
Let me respond with a few points, the first being that all immigrants pay taxes, income taxes, property taxes, sales taxes, gasoline taxes, cigarette taxes, every tax when they make a purchase.
Luis Gutierrez
Me
Property
First
Few
Pay
Every
Cigarette
Respond
Immigrants
Purchase
Property Taxes
Points
Make
Sales
Being
Tax
Taxes
Income
Gasoline
Just as TurboTax simplified much of the tax process, so has the colossally scary legal process been reduced to a kinder, gentler series of mouse clicks and 'Continue' buttons by LegalZoom, the online leader that has become so prominent in its market that it's practically a generic.
Lynda Resnick
Legal
Leader
Become
Market
Prominent
Kinder
Scary
Online
Simplified
Generic
Practically
Clicks
Reduced
Continue
Been
Mouse
Just
Tax
Process
Much
Series
Buttons
Tax cuts are like sex: When they are good, they are very, very good. And when they are bad, they are still pretty good.
M. Stanton Evans
Good
Sex
Bad
Pretty
Pretty Good
Like
Still
Very
Tax
Tax Cuts
Cuts
It is fast becoming an article of political faith that financing America's public schools by way of the local property tax is a shame and a civic scandal.
M. Stanton Evans
Faith
Property
Political
Public Schools
Local
Way
Scandal
Financing
Civic
Shame
Schools
Becoming
Article
America
Tax
Public
Fast
We need a strong, vibrant economy to produce the tax revenue to fund our military.
Mac Thornberry
Strong
Military
Our
Economy
Revenue
Vibrant
Tax
Produce
Fund
Need
We removed wealth tax in the 1991 budget. That is one way in which the children of those who had wealth could put money honestly into their enterprises.
Manmohan Singh
Money
Wealth
Honestly
Way
Those
Enterprises
One-Way
Could
Had
Put
Budget
Tax
Children
Which
Who
If you're successful in the market, it should be because you have the best products. Then your customers like you, not because then you cut corners, or you get a tax break, or you don't inform authorities about how things actually are.
Margrethe Vestager
Best
You
Corners
Market
About
Like
Because
How
Authorities
Get
Tax
Tax Break
Break
Inform
Customers
Cut
Then
Successful
Should
Your
Products
Actually
Things
If you're in a situation where your effective tax rate is so much lower than any other company, then obviously you have a much better position when it comes to compete on prices and everything else.
Margrethe Vestager
You
Better
Situation
Other
Else
Everything
Everything Else
Rate
Prices
Obviously
Effective
Than
Any
Tax
Where
Tax Rate
Then
Much
Lower
Your
Company
Compete
Position
To me, a tax heaven is where everyone pays their fair share. In that respect, I am not quite sure we are in tax heaven yet.
Margrethe Vestager
Me
Respect
Everyone
Share
Fair
Fair Share
Sure
Am
Quite
Heaven
Tax
Where
Pays
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