A Quote by James B. Stewart
If Republicans are correct that lower rates spur economic growth, then lower rates on all income - made possible in part by raising capital-gains rates - should bolster economic growth across the economy.
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Various justifications for lower capital-gains rates have been proffered over the years, none of them self-evident. But even conceding the wisdom of lower capital-gains rates, why should they never be taxed at all, even as they are passed from generation to generation?
A lot of people out there working hard and finally building up to getting a pretty good income. Higher tax rates on them, you know, the income rates going up, the dividend rates are going up, the capital gains rates all going up before health care kicks in.
Students who are put in a university who aren't qualified tend to have lower graduation rates, they have lower grades, they have lower bar passage rates. You can demonstrate that. You are putting them in position where they are not set up to succeed.
I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a recipe for economic growth.
Here's the problem if you keep raising tax rates: You slow down economic growth.
Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such as stocks and bonds.
Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
We know from hard research that educated populations have lower growth rates, are more peaceful, and add to the global economy.
The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.
Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.
The Republican promise is for policies that create economic growth. Republicans believe lower taxes, less regulation, balanced budgets, a solvent Social Security and Medicare will stimulate economic growth.
Our rate moves will have an impact on the economy in 2013. Whether we raise or lower rates depends on how the economic situation develops.
The benefits of a modest warming would outweigh the costs - by $8.4 billion a year in 1990 dollars by the year 2060, according to Robert Mendelsohn at Yale University - thanks to longer growing seasons, more wood fiber production, lower construction costs, lower mortality rates, and lower rates of morbidity (illness).
Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased - not a reduced - flow of revenues to the federal government.
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