A Quote by Charles Vest
Of course, tax revenues have ended up being substantially higher than they were at the time these dire projections were made, and we are very close now to having a balanced budget. All that has been very helpful.
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A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.
The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.
We were great mates [with Rajiv Gandhi]: very, very, very close friends. In fact, on my visit to India as Prime Minister, we were going to his home for dinner. There were two aspects I remember: one is him saying how he had trouble with his security people, because they insisted he wears a vest. He said it was very uncomfortable and he often took it off, but of course, in the end, it wouldn't have mattered if he'd been wearing three vests - he would have been gone.
A tax cut means higher family income and higher business profits and a balanced federal budget.
Even with not having a balanced budget at this time, I support tax cuts. That will help limit spending.
The film [Close Up] made itself, to a large extent. The characters involved were very real, I wasn't directing the actors so much as being directed by them. So it was a very particular film.
Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.
I had very supportive parents that made the way for me, even at a time when there were very few women - no women, really; maybe two or three women - and very few, fewer than that, African-American women heading in this direction, so there were very few people to look up to. You just had to have faith.
It was something very beautiful because we all had that interest. We were very close to all of the different groups of the time - the ones that we began to play with in the same venues - Maldita Vecindad, Caifanes, Botellita de Jerez. However, we were all very different, and each group had their unique way of expressing themselves; their own original voice. It was a very beautiful era of Mexican music, and the truth is that we are very fortunate to have been part of it.
In Canada, we have a very good structure of supporting film through a number of government-sponsored initiatives, such as the tax credit and other grants. The northern part of Ontario has started its own funding. They were really happy to sponsor us, so they've been very supportive and put up half the budget for this film. They'd like us to come back and do more films.
My parents were very, very close; they pretty much grew up together. They were born in 1912. They were each other's only boyfriend and girlfriend. They were - to use a contemporary term I hate - co-dependent, and they had me very late. So they had their way of doing things, and they reinforced each other.
I do think that Republicans are flirting with their tax cut, which has always been the narcotic of Republicans, that they in fact have to at some point, with any remote pretense of candor, abandon any pretense of a balanced budget.I mean, they talk about - because they are going to finance the tax cut by tax cuts. That's how they're going to do it. And I do think that the will is there right now in the Congress to act. I think they will be as close to unity as you will see on Capitol Hill this year.
I know that sounds so circular, but for you, what you were made to do, is different than what I was made to do. But instead of spending all of our time having Bible studies about what we were made to do, go do stuff and you'll figure out what you were made to do, because you'll be great at some things and you'll be terrible at others.
You are smart people. You know that the tax cuts have not fueled record revenues. You know what it takes to establish causality. You know that the first order effect of cutting taxes is to lower tax revenues. We all agree that the ultimate reduction in tax revenues can be less than this first order effect, because lower tax rates encourage greater economic activity and thus expand the tax base. No thoughtful person believes that this possible offset more than compensated for the first effect for these tax cuts. Not a single one.
I was very close with my mother growing up. I have four older sisters who were an important part of my life. And I've been very close to all the women I've dated. I feel most comfortable around women.
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