Liz Truss Quotes

President Obama always gives lip service to lowering the corporate tax rate, but he never specifies a particular rate or an overall plan.

If we could get the corporate tax rate down to, let's say, a maximum of 25 percent, it would be a sea change for this country. It would be great.

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.

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.

The share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.

We need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.

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.

We want to go back to a tax system where Americans sit down at their kitchen table, and they do their taxes on a single sheet of paper. That's what we should have in this America.

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.

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.

To introduce a whole new tax regime, that would be modern tax reform. But that's too big a task.

Reagan didn't put anything off the table, if he felt it was for the good of the American people to tweak the tax system.

I'm for tax reform, not tax increases.

We can fight over what the taxation levels should be, but the tax system should be very, very simple and not distortionary.

The problem with wanting the tax code to be 'simpler, fairer,' and 'pro-growth' is that it's impossible to achieve all three at the same time.

Who's on the case when it comes to the flat tax?

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

A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues.

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.

I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7, and that's our - our government's objective.

A Democratic president should propose a major permanent tax reduction on the middle class and working class. I suspect most of the public would find this attractive.

What we need to do is replace the entire tax code. I do not think it makes sense to say, 'Let's just grab money from, quote, the wealthy'... The issue is the tax code's rotten and we should start truly over with a simple code that is fair and transparent.

Reducing the tax burden is necessary to produce economic growth.

Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It's fair.