Eric Cantor Quotes

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.

The truth is, our corporate income taxes are some of the highest in the world, and frankly, in my judgment it's unpatriotic if you're not for reducing the corporate income tax. We want to make it so American companies are on a more level playing field competing with companies around the world.

Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which many companies are sure to fight. And whatever new, lower tax rate is determined, there will probably be another country willing to lower its rate further, creating a sad race to zero.

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

At the heart of the Irish economy has always been the philosophy of tax competitiveness. On the cranky left, that is very annoying; I can see that.

We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the fair tax, which is a fair tax for everybody, because as long as we still have this messed-up tax code, the politicians are going to use it to reward winners and losers.

Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas tax-free.

Getting rid of the deductibility of state and local taxes will force the highest corporate tax states to lower their rates, or fewer corporations over time will headquarter there.

I love B.C., but you know what taxes are like in Canada.

Tax policy is not about compassion.

Stupider than France is not where we want to be on tax policy.

We had 90 percent rates, but nobody paid them. And so you had all these exemptions, exclusions, shelters, all this kind of stuff. And that's why most Americans are saying, 'Look, let's just be honest. Let's have lower rates, but everybody pays them.'

I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all.

The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.

Obama wants to take the individual small business tax to 44 percent, and the corporate rate - he says - down to 28 percent or whatever. But that really damages the small businesses. And it doesn't make us competitive. You got to take them both down to 20, because state and local corporate taxes are 5 percent.

Everyone else is parsing it in terms of lowering the corporate income tax. Eliminate it. It's not that big of a generator of income, and it's a double tax. Get rid of it, and you would have an explosion of hiring.

To me, there are four F's in a good tax system: it ought to be flatter, fairer, finite and family-friendly.

Everyone wants the rich to pay more in taxes.

The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.

Whoever is for higher taxes, feel free to pay higher taxes.

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

I think we're pretty much where we need to be on corporate taxes.

I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.

It seems difficult to understand that high rates of taxation do not necessarily mean high revenue for the government, and that more revenue may often be obtained with lower tax rates.

It seems idle to speculate in the abstract as to whether or not a progressive income tax schedule rising to rates in excess of 70 percent are justifiable …. The fact is that such rates cannot be successfully collected.