Jacob Rees-Mogg Quotes

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.

Capital gains tax reduction is the ultimate now-nowism.

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

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.

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

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.

I get how devastating high taxes are to job creation.

The rich pay more in total taxes now than ever before - ever. It's true. Just like it's true that when the rich are convinced they're going to be taxed more, they spend less. And when the top few percenters don't spend, there goes all your spending, because they account for half of all retail spending.

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.

It's not hard to cut taxes.

Tax bills create wealth. They help people live better.

A one-time tax does not get figured into people's investment decisions.

Anyone can see how if a feared tax hike doesn't happen, that's a positive factor. But even if tax hikes happen as feared, vast history tells me it doesn't have to have the big bad impact folks fear. And fear of a false factor is always bullish.

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.

Its no secret that I've never liked tax credits.

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.

There is an old adage that the quickest way to drop your tax take is to increase taxes. If capital gains tax is going to be 50 percent, my contingent capital gains tax is going to be 250 million pounds.

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.

Politicians and economists figure out an elaborate system of tax and economic incentives and then every body else figures out a way to beat it

What you don't want to have is tax-driven economic activity.

made it a catechism that low taxes solve everything

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

I will promote savings and investment by maintaining the 15% rate on capital gains and dividends. I will eliminate the tax entirely for those with annual income below $200,000.

We want to keep a preferred rate for capital gains - we think it is important to encourage investment.

You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.