Tax Subsidies Quotes

Government is to divide the community into two great classes: one consisting of those who, in reality, pay the taxes and, of course, bear exclusively the burden of supporting the government; and the other, of those who are the recipients of their proceeds through disbursements, and who are, in fact, supported by the government; or, in fewer words, to divide it into tax payers and tax-consumers…. The effect, then, of every increase is to enrich and strengthen the one [the net tax-consumers], and to impoverish and weaken the other [the net tax-payers.

it's not only companies who can undermine fair competition. Governments can do it, too. And governments do that when they hand out subsidies to just the favorite few, the selected. They may do that when they hand out subsidies -- and, of course, all financed by taxpayers -- to companies. That may be in the form of special tax treatments, like the tax benefits that firms like Fiat, Starbucks and Apple got from some governments in Europe. Those subsidies stop companies from competing on equal terms. They can mean that the companies that succeed, well, they are the companies that got the most subsidy, the ones that are the best-connected, and not, as it should be, the companies that serve consumers the best.

Tax expenditures for middle- and working-class Americans - like the earned income tax credit - aren't thought of as loopholes; they're just thought of as benefits.

People who receive mortgage tax relief … do not consider themselves to be benefits of government largess and can thus blithely talk about the government as something irrelevant to their lives except as a tax burden.

It's time the government stopped using taxes to reward winners and losers in love.

Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.

Over the years, the tax code has become a vehicle for political favoritism and social engineering.

I don't think most Americans understand that, for certain very wealthy people, our federal income tax system is a subsidy system that makes them richer.

When a government gives special tax treatment to a few companies, that makes it hard for anyone else to compete on equal terms.

Why should an atheist pay more taxes so that a church which he despises should pay no taxes?

The dirty little secret is that the pool man, who's making $30,000 a year, is subsidizing the million-dollar mortgage for the family whose pool he cleans. No wonder people want to get rid of tax breaks for corporate jets.

Tax can be structured in a way that actually encourages investment in infrastructure and encourages investment in Australia from overseas.

There is spending in the tax code.

The tax code can be used to eliminate the toll booths on the information superhighway.

Unlike my opponent, I will not let oil companies write this country's energy plan, or endanger our coastlines, or collect another $4 billion in corporate welfare from our taxpayers.

The Joint Committee on Taxation estimated that in 2016, the corporate income tax raised $300 billion in revenue, while what it called 'targeted subsidies' cost about $270 billion. In other words, Congress could eliminate the subsidies and cut the corporate rate nearly in half without any significant loss in revenue.

Big business never pays a nickel in taxes, according to Ralph Nader, who represents a big consumer organization that never pays a nickel in taxes.

When they [most people] get a [government] benefit, they assume that God gave them it to them, But most people don’t want to pay for someone else’s undeserved benefits.

Tax reform advocates generally agree that a fair code shouldn't single out certain groups for favorable treatment at the expense of others.

… about 30 percent of the value of renewable power tax credits end up benefitting financiers rather than funding renewable energy production.

Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.

Income splitting benefits only fifteen per cent, mostly the wealthiest Canadians, but it's paid for by everyone.

Why not close loopholes that allow corporations like General Electric and Boeing to go years without paying practically anything in corporate income taxes.

I don't think the folks in the low-tax states really want to go into a fairness discussion. Residents of Connecticut and New York would love to remind them how much they pay in federal taxes to support programs for Mississippi and South Dakota.

If you need a tax credit to compete, you are probably not that competitive.