A Quote by Lawrence Kudlow

I don't want to be partisan here. But please, tell me how you get out of a business recession by raising business taxes and regulations? — © Lawrence Kudlow
I don't want to be partisan here. But please, tell me how you get out of a business recession by raising business taxes and regulations?
And fifth, we will champion small businesses, America's engine of job growth. That means reducing taxes on business, not raising them. It means simplifying and modernizing the regulations that hurt small business the most. And it means that we must rein in the skyrocketing cost of healthcare by repealing and replacing Obamacare.
I left small businesses a little while ago and they were all complaining that Obamacare is putting them out of business. Not only the regulations, which are a disaster and the taxes, but Obamacare is putting them out of business.
You have regulations on top of regulations, and new companies cannot form and old companies are going out of business. And you want to increase the regulations and make them even worse.
Our party [Republicans] has been focused on big business too long. I came through small business. I understand how hard it is to start a small business. That's why everything I'll do is designed to help small businesses grow and add jobs. I want to keep their taxes down on small business. I want regulators to see their job as encouraging small enterprise, not crushing it.
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
The best thing government can do now is get out of the way and let small businesses innovate, hire and grow. Unfortunately, this is unlikely to happen unless Washington stops increasing regulations, taxes and other blocks to business growth.
So you keep raising these taxes, and all of a sudden the business community says, 'Why are we here? We can go someplace else and use their phones.' That's one of the problems that directly affects the business community.
If you talk to anyone involved in business - forget banks and big business - talk to small businesses - do it yourself, don't ask me - they'll tell you it's crippling. Small-business formation is the lowest it has ever been in a recovery, and it's really for two reasons. One is regulations and the second is access to capital for people starting new businesses.
I left small businesses a little while ago and they were all complaining that Obamacare is putting them out of business. Not only the regulations, which are a disaster and the taxes, but Obamacare is putting them out of business. So you have that concept, the savings accounts, health care. What you really have are ways of getting people energized by take - you have to take down the lines between the state so you have competition.
You could not possibly maintain the current level of government taxation without the taxes being hidden, and they are hidden in two very different ways. They are hidden through withholding, but they are also hidden by being imposed on business, supposedly on business, when really, of course, business can't pay taxes, only people can pay taxes.
Whether it's being repealing or replacing Obamacare, rolling back excessive regulations, making the kind of investments that'll support infrastructure, or reducing taxes and reforming business taxes across the country. That's just a sampling of the things that we're working on right now.
In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.
Here's another way of putting it. Roosevelt wants recovery to start at the bottom. In other words, by a system of high taxes, he wants business to help the little fellow to get started and get some work, and then pay business back by buying things when he's at work. Business says, 'Let everybody alone. Let business alone, and quit monkeying with us, and we'll get everything going for you, and if we prosper, naturally the worker will prosper.'
I have become a subscriber for 'Business Week.' It teaches me a lot about business, and I have really started to get into it. I'm interested in business and learning about how everything works.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
Americans don't think we should be raising taxes on anybody, especially in the middle of a recession.
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