Eduardo Porter Quotes
Contrary to Mr. Trump’s claim that the United States is one of the most taxed nations, only South Korea, Chile, and Mexico, among O.E. C. D. countries, collect less in tax revenue as a share of the economy. That means that the American budget for things like prenatal care, low income housing, and worker training is simply not up to the task.
Eduardo Porter “What Trump Taxes Could Buy” The New York Times International Edition October 13, 2016
Sourced by: Eigen's Political and Historical Quotations
This is the most articulate historical statement of the modern conservative mantra regarding taxes. However, one change has taken place. The words “necessarily” and “often” tend to be left out of the more modern ideological statements. Mellon’s original statement has never really had any politicians or economists who disagreed. Politicians of all economic persuasions have generally accepted the Mellon statement but the extreme conservatives’ creed is that a lowering of taxes always produces more revenue and a tax increase will inevitably lead to greater tax revenue—a position which Mellon never took. Mellon however was very solicitous of the wealthy, felt the welfare of the nation depended on their prosperity, and was a strong advocate of what was later called ‘trickle down’ economics {628592}.
