A Quote by John Norquist
The highway program devalues the tax base of a city.
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Federal gas tax revenues that are paid into the trust fund by highway users should be used for programs that benefit highway users.
Detroit's financial challenges - the decline of the American auto industry, the impact of the global economic recession, declining population, and an erosion of the municipal tax base - are key to understanding what led this great city to an inability to provide basic city services or to carry out the normal functions of a municipality.
Assuming that a tax increase is necessary, it is clearly preferable to impose the additional cost on land by increasing the land tax, rather than to increase the wage tax - the two alternatives open to the City (of Pittsburgh). It is the use and occupancy of property that creates the need for the municipal services that appear as the largest item in the budget - fire and police protection, waste removal, and public works. The average increase in tax bills of city residents will be about twice as great with wage tax increase than with a land tax increase.
Greece's unprecedented fiscal effort, which was more than planned, has triggered much larger contractions of economic activity and the tax base than the original program had assumed.
Social Security is a tax and an insurance program. It's not a 401(k) program.
I will support a low, flat tax for businesses and individuals so that we fix the tax base and grow the economy.
Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right.
Definitely stick with a program for more than a week or too. You've got to ride the program out - a lot of people like to hop around on things, but to get a real good base you've got to stick to a good strength program.
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.
Broaden the tax base, close loopholes and flatten the tax rates - all of which would bring more revenue stability and certitude to projections as well as make filing a comparable breeze.
If it is necessary we will find a quick answer and it will not be the way the United States expects it. It will be an answer that devalues the 'Star Wars' program.
Dwight D. Eisenhower changed America forever with the creation of the interstate highway program.
I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.
I decided that if nobody else was going to do anything to rectify this colossal inequity in taxation, I'd have to do it myself. So I instituted a suit against the city of Baltimore demanding that the city assessor be specifically ordered to assess the Church for its vast property holdings in the city, and that the city tax collector then be instructed to collect the taxes once the assessment has been made.
Smart infrastructure can provide cost-saving ways for municipalities to handle both infrastructure and social needs. And we want to shift the systems that open the doors for people who were formerly tax burdens to become part of the tax base.
If there is one thing that most economists agree about in the realm of tax policy, it is that it's best to broaden the base of any tax, all else being equal. That means minimizing the number of deductions and exclusions from taxable income in order to lower marginal rates and reduce distortions.
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