A Quote by Jay Nixon
Effective tax credits are used to create jobs and grow our economy. But tax credits that aren't delivering for Missourians must be retooled and reformed.
Related Quotes
Accounting for the unpaid care economy can drive progressive policies such as paid family leave, social security credits for early childcare, tax credits, and quality early childhood education.
You look at Rand Paul's bill. He's got refundable tax credits. So many other bills that are out there have had this. Dr. Tom Price, who is secretary of HHS under President Trump, he had an Obamacare repeal-and-replace bill that had tax credits.
Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with the tax credits and they come at the expense of investing in the new technologies of the future?
Labour ministers often look puzzled when reports show that Britain has one of the lowest levels of social mobility in the developed world. They just don't get it. They see poverty, inequality, fairness, as all about income. For the past 12 years, they have relied on tax credits to solve this. But tax credits do not solve poverty: they mask it.
Buying pollution credits is folly; it doesn't help the environment. Instead of using tax dollars to buy credits overseas, we'll use them at home.
If you have to change the law to get more money, that's a tax increase, and Americans for Tax Reform supports all efforts of tax reform, getting rid of deductions or credits, or something that's misclassified, as long as you at the same time reduce rates so that it's not a hidden tax.
Tax reductions are usually simpler and less distortive. I'm certainly willing to look at getting rid of tax deductions/credits, and go to dramatically reduced rates.
Tax credits do not help people get better jobs; in fact, they can create poverty traps that actually disincentivise people from working more hours or finding a better paid job.
I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all.
Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts.
New technologies such as solar systems or hybrid cars aren't created overnight. By extending these tax credits we are giving this industry time to grow, branch out and succeed.
Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
Its no secret that I've never liked tax credits.
Cutting tax credits for education and training will result in more Americans working at minimum-wage jobs while U.S. companies go begging for the higher-paid skilled workers they need.
We must ensure full access to all reproductive health services, including abortion. We must also provide for our aging population, ensuring our parents and grandparents have the care they need. We must defend Medicare, expand Social Security, and provide tax credits for families who care for their elders and loved ones with disabilities.
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.
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