Edward Heath Quotes

As Ronald Reagan understood, the difference between a good tax structure and a poor one has a very real impact not only on how much money we have in our pockets every April 15th, but whether we have a job to support our families in the first place.

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.

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

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

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.

Financial transaction tax raises problems of competition.

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.

The income tax is flawed for a number of reasons - it discourages economic growth and encourages a bloated government.

High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.

And, frankly, what happens out of Washington is, it creates a wind in my face, uncertainty over Obamacare, uncertainty over their tax policy, uncertainty over the regulatory policy.

I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a recipe for economic growth.

When you tax capital gains income, you don't help the economy, you hurt the economy, which is why President Kennedy, President Reagan, President Clinton and President Bush all believed we should have a lower rate for capital gains.

Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs.

I have two measures every time I look at a bill. Is this in the best interests of the hardworking taxpayers in Northeast Ohio and the 14th District, and will this stimulate or encourage the economy to 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.

What sensible people want from a tax is to raise as much money as possible with the least disruption to the economy.

We had massive tax cuts in the early phases of the [George W.] Bush years… The decade following was the worst growth rate in over 60 years.

There is no serious statistical evidence in support of the view that tax rates at current levels have a major disincentive effect on economic growth.

That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.

When you raise taxes on small business, from 35% to 40%, you will kill jobs.

Obama and Clinton wrongly believe that the corporate income tax is a tax on the rich. The reality is that rich corporations don't pay taxes - workers do.

The A.M.T. is much reviled by tax experts across the political spectrum for its unintended consequences and fiendish complexity.

At the end of the day, Republican-driven tax reform is not only going to be good for the economy and for growth. It's going to be good for middle-class Americans.

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.

We can lift standards of living for working families in this country. We can help small businesses create jobs. And we can have a beneficial impact on the economy as a whole if we do tax reform right.