A Quote by Laura Miller
It's wasteful spending like this that not only forces tax increases and cuts in vital services... but also really make you wonder: who is City Hall looking out for?
Related Quotes
Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.
Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.
Under the Trump tax plan, we are no longer going to subsidize big government in blue states. Now those who choose to live in blue states are going to have to join with their neighbors, collect their pitchforks, and demand tax and spending cuts from city hall and the state capital.
And we did it because it's time for City Hall to stop looking out for City Hall and start looking out for the people like you and me who are footing the bill.
We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.
If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment.
You've got to either say you're going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can't out of one side of your mouth say, 'Yes, we're for tax cuts, we're for spending discipline, and we're for bringing down the debt.'
Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.
In Congress, while the House's proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can't equate spending on veterans with spending on defense.
In Congress, while the House’s proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can’t equate spending on veterans with spending on defense.
The fact is that a lot of the spending increases came during the Bush administration. Two unpaid for wars we got ourselves engaged in. A prescription drug plan that added enormous amounts to our spending, and the tax cuts at the high end that did not create jobs and create revenue coming.
Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
Governors of both political parties face a stark choice between unpopular tax increases and drastic cuts in Medicaid, education, public safety and other essential services.
The polls are with us on this. They say the American people, more than anything, want to see spending cuts rather than tax increases.
Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases.
I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.
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