A Quote by Lindsey Graham

I'm for Simpson-Bowles. It doesn't raise taxes, it closes loopholes and takes the money we would give to a few people and put it on the debt. — © Lindsey Graham
I'm for Simpson-Bowles. It doesn't raise taxes, it closes loopholes and takes the money we would give to a few people and put it on the debt.
We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy.
If I were a candidate for running, I'd say, "Look at what the economy has done." It's strong. We've created a lot of jobs. I'd be telling people that the Democrats will raise your taxes. I'd be reminding people that tax cuts have worked in terms of stimulating the economy. I'd be reminding people there's a philosophical difference between those who want to raise taxes and have the government spend the money, and those of us who say, "You get to spend the money the way you want to see fit. It's your money."
We owe more money than any Nation in the World, and we are LOWERING TAXES. When is the time to pay off a debt if it is not when you are doing well? You let a Politician return home from Washington and announce, 'Boys we lowered your taxes. We had to borrow the money to do it, but we did it.' Say, they would elect him for life.
My tax plan will cut taxes for 95 percent of workers, because we need to put money back into the pockets of struggling middle-class families and close the egregious tax loopholes that have exploded over the last eight years. My plan eliminates capital gains taxes entirely for the small businesses and start-ups that are the backbone of our economy, as opposed to John McCain's plan, which would tax these businesses. John McCain is running to serve out a third Bush term. But the truth is, when it comes to taxes, that's not being fair to George Bush.
President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
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.
We're talking about should we increase taxes? Why not put a tax on carbon emissions. It would raise a lot of money, it would reduce the environmental damages in the future, it would solve so many problems, and it would be a much more constructive thing to do than to think about raising the income tax.
The key to revenue growth is tax reform that closes loopholes and that is pro-growth. Then with a growing economy, that's where your revenue growth comes in, not from higher taxes.
San Francisco can start right now to become number one. We can set examples so that others will follow. We can start overnight. We don't have to wait for budgets to be passed, surveys to be made, political wheelings and dealings ... for it takes no money ... It takes no compromising to give the people their rights. It takes no money to respect the individual. It takes no political deal to give people freedom. It takes no survey to remove repression.
So, for instance, let me make this clear: You know I signed a statement. I will not raise taxes on anybody. I don't want to raise taxes on the American people.
I'm for eliminating deductions and taking some of the money to buy down rates and put it on the debt. That's not raising taxes. That's solving a problem.
Raise the taxes, and we find less money in our pockets. Lower the taxes, and we've got more money in those pockets, and we spend it on all kinds of things.
The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.
By getting rid of loopholes, you are making the system more fair so people who make the same kind of money pay the same taxes.
My goal in getting rid of tax loopholes is not to raise taxes. Our problem in Washington, D.C. is not a revenue problem, it is a spending problem.
This site uses cookies to ensure you get the best experience. More info...
Got it!