Mark Zandi Quotes
Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
Zandi, Mark. "Testimony Before the Senate Finance Committee." United States Senate, 14 July 2010.
This is the most articulate historical statement of the modern conservative mantra regarding taxes. However, one change has taken place. The words “necessarily” and “often” tend to be left out of the more modern ideological statements. Mellon’s original statement has never really had any politicians or economists who disagreed. Politicians of all economic persuasions have generally accepted the Mellon statement but the extreme conservatives’ creed is that a lowering of taxes always produces more revenue and a tax increase will inevitably lead to greater tax revenue—a position which Mellon never took. Mellon however was very solicitous of the wealthy, felt the welfare of the nation depended on their prosperity, and was a strong advocate of what was later called ‘trickle down’ economics {628592}.
Mark M. Zandi is an American economist who is the chief economist of Moody's Analytics, where he directs economic research.
