Tammy Baldwin Quotes


Our tax system rewards wealth more than it does work.


Context

The tax rates on income from working is much higher than on income generated from money which is invested. The reason for this is that the government wants economic growth and lowering the tax rate on investment profits will produce more investment which theoretically creates more jobs and strengthens the economy. However, most workers have no choice about whether they have to work. Lowering their tax rate will not induce them to work more. This not only produces a patently unfair burden on the worker compared to people who have capital to invest—usually among the wealthiest Americans. Another problem is that there are many forms of investment that does not produce any benefit for the United States. Many people invest in overseas banks, non American companies. These we tax at a low rate and all the benefits of the investment go to the foreign country.


Citations

Tammy Baldwin, U. S. Congresswoman & Senator (Democrat, WI), Interview, CNN News, January 27, 2014

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

This quotation is a wonderful example of the use of sarcasm. Schwartz does not really advocate the emigration of the super rich, but uses the hypothetical concept to illustrate that one solution to a socio-economic problem will work but have very undesirable consequences.


Tammy Baldwin
Tammy Baldwin
  • Born: February 11, 1962
  • Nationality: American
  • Profession: Politician

Tammy Suzanne Green Baldwin is an American lawyer and politician serving as the junior United States Senator from Wisconsin since January 2013. A member of the Democratic Party, she served three terms in the Wisconsin State Assembly, representing the 78th district, and from 1999 to 2013 represented Wisconsin's 2nd congressional district in the United States House of Representatives.