A Quote by Gary Cohn
I would like to get the tax rate as low as possible so that businesses want to create jobs here.
Related Quotes
Capital available for individuals to start and expand businesses would increase with regulatory and strategic tax reforms, like reducing marginal rates, repealing the alternative minimum tax, and making the U.S. the most welcoming place for employers to relocate and create jobs.
Economic growth, profitability, prosperity, jobs, increased jobs, increased wages, they're able to get that tax rate down to 15% and we're gonna call it tax relief, not tax breaks, not tax loopholes. It's important to control and reclaim the language here.
What we need to do together is to put in place the kind of - foster the kind of environment where businesses of all sizes - small, medium or large - want to invest, want to do the innovative things that our businesses here in America are known for doing, want to grow our economy and want to create the kind of jobs that will bring - reduce that unemployment rate.
If you had a basic income, it would mean that everybody would have a base on top of which their earned income would be taxed at the standard rate of tax. That would increase the incentive to take low-wage jobs.
Mr. Trump is proud to pay a lower tax rate, the lowest tax rate possible. He fights for every single dollar. That's the mindset you want to bring to the government.
In a zero corporate tax rate environment, if the private sector doesn't create tens of millions of jobs, then I don't know what it takes to create tens of millions of jobs.
The United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the United States of America and create jobs.
And what's interesting, and I don't think a lot of Americans understand this fact, is that, one, most new jobs are created by small businesses; two, most small businesses pay tax at the individual income tax, or many small businesses pay tax there.
The appreciation of capital assets is already taxed at an extremely favorable rate compared to labor. That's why the rich pay such a low effective tax rate no matter what their marginal tax bracket.
The federal government needs to get off the backs of small businesses and let the private sector grow and create jobs instead of harnessing it with onerous regulations and a repressive tax code.
The Tax Cuts and Jobs Act is a strong start to help Mississippi families keep more of their hard-earned money and to help small businesses create jobs.
My own experience, though, as a business executive and as a governor, tells me that businesses are interested in a lot more than a low tax rate when they decide where to locate.
Even when America's economy has been by all measures healthy and the unemployment rate low, some businesses suffer or fail and lay off workers. But nearly always, a simultaneous and even greater burst of new jobs has been created to offset the jobs lost - millions of new jobs every year.
We need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.
Donald Trump has said that his 15 percent rate would apply to all businesses. And if that's the case, billionaire real estate magnets will get a very big tax cut.
Additionally, this tax forces family businesses to invest in Uncle Sam rather than the economy. When families are forced to repurchase businesses because of the death tax, that means less money is being invested in new jobs and capital expansion.
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