A Quote by Joe Hockey
In fact, in Parliament, I pointed out that Australians on average incomes would move into the second highest tax bracket in the next couple of years. That is going to slow down the Australian economy. It's bad for households.
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Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.
I have been told many times that when I win I make my people proud to be Australian. I am Aboriginal, I am one of them and every time I win or am honoured like this it should be an example to Aboriginal people who may think they have nowhere to go but down. But more importantly I am an Australian and I would like to make all Australians feel proud to be Australian. Ours is a truly multicultural society and should be united as such. I would like to believe that my successes are celebrated by all Australians, bringing our nation together.
Firms produce goods for households - that's us - and provide us with incomes, and that's even better, because we can spend those incomes on more goods and services. That's called the circular flow of the economy.
I may sound naive, since everyone's decided the next two years are going to be all about 2016, but I look at what's happened over the years when there's been divided government. That's when we've done tax reform, that's when we've done entitlement reform - to move this economy forward on these big issues.
As nations we should also commit afresh to righting past wrongs. In Australia we began this recently with the first Australians - the oldest continuing culture in human history. On behalf of the Australian Parliament, this year I offered an apology to indigenous Australians for the wrongs they had suffered in the past.
Jamie Keehn, our second Australian punter. Again, you have to learn the language. You just can't speak to those guys. You have to know how to speak Australian. ... Australians have a higher voice. When you just speak regular English, it doesn't quite get across. Of course, we've had experience with our Australians, so we're pretty comfortable with adjusting our dialect so that it fits the ability to communicate.
I think it's important to look at what we need to do to get the economy going again. That's why I said new jobs with rising incomes, investments, not in more tax cuts that would add $5 trillion to the debt.
The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.
Slow down. Enjoy life. It's tough to slow down if your mind is going a million miles a second. It's tough to slow down if you think what these people do here matters.
That was an extremely unhelpful thing for Bill Shorten to say because those of us - and as the Attorney-General I've been closely involved in this along with my colleague Nigel Scullion, the Minister for Indigenous Affairs - what we have been trying to do for some years now, throughout the life of the Coalition Government in fact, is to bring the Australian people on a journey with us - conservative Australians as well as more progressive Australians, to persuade them that it is a seemly and fitting and decent and appropriate thing to recognise the first Australians in the Constitution.
Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.
They have two aspects. One is that they're unpredictable, and that often rich and more affluent households are slow to spend the funds. The other thing about tax cuts is that they're redistributive. So they tend, naturally, to benefit those who pay tax.
There's no skill. You can be a rock and move into another tax bracket.
I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.
Well the thinking is we have the highest tax rate in the world. In the entire world, we have the highest tax rate. There's gridlock in Washington because there's no leadership. So what I'm doing is a large tax cut especially for the middle class and they're gonna- we're going to have a dynamic country. We're going to have dynamic economics. And it's going to be something really special. And people are going back to work.
Although the rudiments of snobbery are there, its finer developments are basically alien to the Australian soul - that is, if Australians have a soul; many people believe that they are too matter-of-fact and down-to-earth to have such fancy commodities.
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