A Quote by Lawrence O'Donnell

The Democrats - Democrats on board, the Congress said tax policy.But their tax policy was pretty bad, that added $800 billion to the deficit.

Lawrence O'Donnell

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Added Bad Billion Board Congress Deficit Democrats Policy Pretty Said Tax

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Lawrence O'Donnell
American - Journalist
Born: November 7, 1951

Actually, Congress just did pass a tax plan like Donald Trump`s.They passed a tax plan which some Democrats voted for, significant number of Democrats which gave huge tax breaks to wealthy people and corporations.

Lawrence O'Donnell

In my view, until the U.S. tax policy is revised, not just tax extenders but the reform of tax policy, it makes it very attractive for us to invest on acquisition overseas.

Louis R. Chenevert

We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.

Debbie Wasserman Schultz

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.

T.R. Reid

Utah has benefited from setting smart tax policy. That said, public finding is dynamic enough that we cannot just set the tax policy and presume that it does not require continual review and adjustment.

Gary Herbert

Trump has said that he wants to remove the tax deductibility of interest. If he can do that, fine. But I hope that Trump knows that it's not the President that sets tax policy. It's Congress.

Michael Hudson

Good policy usually comes from working across the aisle, and I believe tax reform needs to be tackled with Democrats and Republicans finding common ground.

Jacky Rosen

Democrats in Washington predicted that tax cuts would not create jobs, would not increase wages, and would cause the federal deficit to explode. Well, the facts are in. The tax cuts have led to a strong economy. Real wages were on the rise, and deficit has been cut in half three years ahead of schedule.

George W. Bush

The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a hard tax to evade. So it makes the job of raising revenue easier. The revenues from the VAT can then be used to lower taxes on income and saving and investment. The Value-Added tax doesn't penalize work or saving; it's a tax on buying stuff.

T.R. Reid

Watch out Mr. Bush! With the exception of economic policy and energy policy and social issues and tax policy and foreign policy and supreme court appointments and Rove-style politics, we're coming in there to shake things up!

Tom Toles

Obama and the Democrats' preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.

Bob Beauprez

The Democrats and Republicans need to come together. I've criticized Democrats for their unwillingness to address entitlement reform and Social Security and Medicare. Republicans, on the other hand, never saw a tax that they liked, even when it meant closing tax loopholes. They don't want to in any way support any revenue enhancements.

Antonio Villaraigosa

The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a hard tax to evade.

T.R. Reid

I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to raise the rate of growth. We've had a recovery from the financial crisis that would be well below what one might normally expect for a recovery from such a deep recession. And to counteract that we need better tax policy.

Glenn Hubbard

Bush the Elder's stature as president grows with every passing year. He was the finest foreign policy president I've ever covered and a man who defied his party on tax increases while imposing budget restrictions on the Democrats.