A Quote by Jonathan Chait
That's an important Obama accomplishment: he raised taxes back to Bill Clinton levels, and made a major dent in inequality doing so. That's certain to be reversed, that's going to disappear. The Republicans are going to slash the rich's taxes.
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The only issue on taxes - Hillary Clinton is going to raise taxes, and Donald Trump and I are going to cut them.
Donald Trump is going to lower taxes, Hillary Clinton's going to raise taxes. He's going to add to our military, she's going to decrease our military. He's going to support the police at a time in which we've had the biggest increase in crime in the last 41 years. He's going to take on radical Islamic terrorism.
You [Republicans] are not going to cut taxes. You're going to raise taxes on the middle class.
With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.
Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.
The government taxes you when you bring home a paycheck.
It taxes you when you make a phone call.
It taxes you when you turn on a light.
It taxes you when you sell a stock.
It taxes you when you fill your car with gas.
It taxes you when you ride a plane.
It taxes you when you get married.
Then it taxes you when you die.
This is taxual insanity and it must end.
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.
Let me respond with a few points, the first being that all immigrants pay taxes, income taxes, property taxes, sales taxes, gasoline taxes, cigarette taxes, every tax when they make a purchase.
Bill Clinton was a brilliant politician. If President Obama was a brilliant politician he would have come out before the election and said 'Hey we're gonna cut taxes, grow the economy, what I'm doing's not working, and we're gonna change course' like Clinton did.
Americans tend not to be too enthusiastic about having their taxes raised again....But if the American people aren't going to accept it, if the politicians don't have the courage to raise taxes, what are we facing down the road?
Hillary Clinton's plan is going to raise taxes and even double your taxes. Her tax plan is a disaster.
Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth.
Obama and Clinton wrongly believe that the corporate income tax is a tax on the rich. The reality is that rich corporations don't pay taxes - workers do.
There's nothing wrong with paying taxes; they should be paid in proportion to how rich you are. This idea that you're going to get better growth by cutting taxes at the top has no historical justification. And it's certainly not an argument in favor of capitalism.
Hillary Clinton is raising your taxes, folks. You can look at me. She's raising your taxes really high. And what that's going to do is a disaster for the country.
So what I have said with regard to Boeing and GE and other multinationals that pay zero taxes, you know what we're going to do? We're going to end that loophole. They are going to pay their fair share of taxes.
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