A Quote by Barack Obama

You will not see any of your taxes increase one single dime. — © Barack Obama
You will not see any of your taxes increase one single dime.
But let me perfectly clear, because I know you'll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
From the perspective of corporations, taxes are an additional cost of doing business. If you increase their taxes, to remain profitable they will have to find ways to lower other costs, or to increase revenues.
With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.
Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase ones taxes.
You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.
Get masters of families to do their duty, and they will not only spare you a great deal of labor, but will much further the success of your labors. You are not like to see any general reformation, till you procure family reformation. Some little religion there may be, here and there; but while it is confined to single persons, and is not promoted in families, it will not prosper, nor promise much future increase.
The government taxes you when you bring home a paycheck. It taxes you when you make a phone call. It taxes you when you turn on a light. It taxes you when you sell a stock. It taxes you when you fill your car with gas. It taxes you when you ride a plane. It taxes you when you get married. Then it taxes you when you die. This is taxual insanity and it must end.
Here's what I can tell the American people: 95 percent of you will get a tax cut. And if you make less than $250,000, less than a quarter-million dollars a year, then you will not see one dime's worth of tax increase.
When I was 9 or 10, I had a ten-cent business: I would walk your dog for a dime, go to the store for a dime, empty your garbage for a dime - and then I could use the money to buy tricks at the magic store.
Happiness has nothing to do with what you have or don't have. Happiness is related to what you are. However many things you may collect, perhaps they may increase your worries, your troubles, but happiness will not increase because of them. Certainly unhappiness will increase with them, but they have no relation to an increase in your happiness.
Arthur Laffer's idea, that lowering taxes could increase revenues, was logically correct. If tax rates are high enough, then people will go to such lengths to avoid them that cutting taxes can increase revenues. What he was wrong about was in thinking that income tax rates were already so high in the 1970s that cutting them would raise revenues.
Sometimes it is not wise to make a second plan; it diminishes the power of the first plan! In risky paths, make only one plan; this will increase the possibility of success! On the edge of a precipice, if your second plan is a parachute on your back, your possibility of falling will increase! When you have nothing to trust, you will be safer, because you have no right to make any mistake!
If we increase spending, we have got to raise taxes or any combination.
If you cut taxes on the rich, they'll get so excited and go into so much busy economic activity, that the economy will grow and your tax revenues will actually rise. So cut taxes, collect more taxes. It is a miracle.
I will travel to all 75 counties in Arkansas every year, listen to your stories and concerns, and work hard every single day on the issues affecting you and your family instead of visiting exotic foreign countries on the taxpayer dime.
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