A Quote by George Osborne
I came into politics partly because I want to be able to reduce taxes so that individuals have more of their money to spend, so that businesses have more of their money to create jobs, but I believe that lower taxes are sustainable when you get the public finances in order, so I will only make promises I can keep on taxation.
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The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
Lower taxes will stimulate your own personal economy by leaving more money in your pocket to do what you want - invest, save, spend, buy a bigger house, a nicer car, and give to charity. And lower taxes also lead to more money for the government to use on those things they've promised you. It's a win-win for everyone.
I'm looking at a tax process that will allow people to keep more of their money because we know what happens when job creators get to keep more of their money than they're - they have the confidence to go out and spend that money to create jobs that in turn create wealth.
Raise the taxes, and we find less money in our pockets. Lower the taxes, and we've got more money in those pockets, and we spend it on all kinds of things.
And the fact is - is if you lower - if you lower taxes, you don't have to wait for the money to get to the states, the money to get out in contracts. You send a signal immediately, and so businesses start making decisions.
If I were a candidate for running, I'd say, "Look at what the economy has done." It's strong. We've created a lot of jobs. I'd be telling people that the Democrats will raise your taxes. I'd be reminding people that tax cuts have worked in terms of stimulating the economy. I'd be reminding people there's a philosophical difference between those who want to raise taxes and have the government spend the money, and those of us who say, "You get to spend the money the way you want to see fit. It's your money."
Raising taxes doesn't create jobs, and this is a common sense thing. Washington doesn't get it. They believe if they take more money and send it to Washington, D.C. somehow they create wealth. It doesn't work.
The way to reduce the deficit is to create jobs and work opportunities so that people will have money with which to pay taxes.
I'm a Conservative who believes in lower taxes. They lead to a more enterprising economy. But I'm not somebody who believes you can fund lower taxes by borrowing more money.
Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.
I genuinely believe if we get the chance to do something in Sydney, the people of Australia will win out of that proposal. There will be jobs, taxes, tourism - there'll be more people coming to Australia looking to spend money and I think that is a good thing.
The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money.
As legal residents, immigrants would contribute more in taxes, spend more at our businesses, start companies of their own and create more jobs. Immigration is not a problem for us to solve but an opportunity for America to seize.
Successful businesses create jobs; that is true. But the notion that if we cut taxes enough for the very rich and for already hugely profitable businesses, then all that money will trickle down to everyone else in the form of job creation is simply false.
Traditionally, Conservatives have argued that low taxes are a route to self-determination. I agree. It is vital we keep taxes low and the size of the state in check, to allow people to spend more of their own money.
If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you bring those rates down, those small businesses are able to keep more money and hire more people.
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