Joseph R. Biden Jr. Quotes

The wisdom of man never yet contrived a system of taxation that would operate with perfect equality.

Everybody gets ticked off about GE paying no taxes. Look, we have a complicated, convoluted tax system. And only big corporations and wealthy individuals like Warren Buffett can take advantage of it. We need to simplify and flatten the code, get rid of all the loopholes.

If corporations and rich people who made fortunes out of us during the boom are not paying their fair share then reform the tax system and close down the tax havens.

In 2013 Citigroup had profits of $6.4 billion in the United States. They paid no federal income tax and, in fact, received a rebate from the IRS of $260 million. That same year J.P. Morgan had $17.2 billion in profits in the U.S. They also paid no federal income tax. Do you think it's time for tax reform?

President Obama has announced a task force to review the tax codes. He's concerned there are too many loopholes and too many people manipulating the system to avoid paying taxes. And that's just in his administration.

Everyone wants a more simple tax system. But if this means that certain tax breaks have to be cut, people are no longer so enthusiastic.

Britain needs a simpler tax system which is simple to understand, where there are no loop-holes, where the very rich do not avoid tax by employing expensive accountants

We need to get a business tax system that makes us competitive to the rest of the world.

God forbid that the United Kingdom should take a lead and introduce a sensible tax system of its own which would probably comprise a very low level of corporation tax - tax on corporate profits - and perhaps a low level of corporate sales tax, because sales are where they are, and sales in this country are sales here, which we can tax here.

I think everybody wants GST.

Many tax experts say a key element to any fundamental overhaul is getting rid of certain deductions for businesses - the 'special-interest giveaways that are masked as tax breaks,' as House Republicans describe many of them in their own proposal.

I'm disappointed in Burger King's decision to renounce their American citizenship. I call on companies currently mulling this tax dodge to reconsider and on Congress to protect U.S. taxpayers from more of these schemes.

Implementing the so-called 'Buffett Rule' would restore some badly needed fairness to our tax system.

Get rid of the preferences and the special deductions and the loopholes... and invest in getting the tax rate to a competitive level so we stop seeing companies move off shore.

Simply looking at the status quo and suggesting that the tax code is sacrosanct and can never change, and that decisions made in the '80s and '90s can never change, is absurd.

Corporate tax reform should include not just large C-corps but also smaller business S-corps and LLC pass-throughs. And nearly as important as cutting business tax rates is the need to simplify the inexplicably opaque and complex system.

I think a flat tax has merit. Anything would be better than the current tax code.

Having a lower tax, simpler, fairer, flatter tax system is something that can drive growth.

If the tax loop holes that allow tax avoidance were shut down, it would go some way to sorting out our finances, would it not?

I don't know why anyone would prefer a more complicated tax code instead of a simpler one.

We need to close the tax loopholes that have awarded companies moving out of the country and overseas; we need a government that will keep our country safe from terrorists at home and abroad... and a government that is responsive to the needs of the people.

My government is continuously improving the GST regime keeping in view the suggestions being received from the business community.

Before we start making blanket statements about abolishing the IRS, I think it's important to focus on what the tax code for the 21st century should look like.

Any reduction in the corporate tax rate must also come with closing loopholes that have allowed the largest businesses in our country to pay less than they owe.

For nearly a century, Republican-controlled Houses held the line on tax rates, a Republican coup de pointe to Democratic tax-increase parries.