Amity Shlaes Quotes

It was an absurd theory that by cutting taxes you would increase government revenues, because the growth of the economy would create an overflow of taxes that would fall into the government coffers.

The linkage between tax rates and public services is, if not non-existent, negative.

We had 90 percent taxes before in America. All right? Didn't work.

I really do believe most people understand raising tax rates is bad for the economy, it costs jobs. It actually in the long term undermines revenue.

I am a supply sider. If you cut the right taxes, you will make more money.

Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, 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.

It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

It was absolutely critical to renew the Bush tax cuts. Letting them expire would result in a massive tax increase that would retard economic growth.

I don't hear anything from Trump about tax increases. I hear tax cuts from him. I hear tax reform from him.

Here's the problem if you keep raising tax rates: You slow down economic growth.

I will veto any tax increase.

Not continuing a tax cut is not technically a tax increase.

It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves.

What we've been hearing over and over again is that the reason Republicans are opposed to the surtax is because of the concern of its impact on job creation. Well, if you carve out employers, you take away that argument.

I'm a conservative and I believe if you tax something more you get less of it.

I think that taxes have to exist. They should exist at the lowest possible level, and to the extent that we can, we shouldn't invent more. Maybe that's my experience being mayor of New York City, where we had so many taxes.

The worst thing that we could do is raises taxes. It would only hurt the economy.

You don't get an economy growing by raising taxes.

It's a lethal thing to suddenly raise taxes.

You don't raise taxes in times of such uncertainty.

Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.

Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.

You don't get gushers of revenue by raising tax rates. You get it through expansion.

I'm not for no taxes. That would be an anarchist. I am for lower taxes.

It is my absolute intent to hold the line on taxes.