A Quote by Michele Bachmann
I get how devastating high taxes are to job creation.
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The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.
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.
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.
Those who want low taxes and healthy job creation know that an unnecessary dollar going to these unions is a dollar that cannot reduce the tax burden on homeowners, small businesses, and job creators.
Governments should end the extreme concentration of wealth in order to end poverty. This means tackling tax dodging but also increasing taxes on wealth and high incomes to ensure a more level playing field and generate the billions of dollars needed to invest in healthcare, education, and job creation.
If you discourage saving and investment, that means you're walking in the opposite direction of job creation. You're discouraging good job creation and job growth.
Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.
If it was true that lower taxes for the rich and more wealth to the wealthy leat to job creation, today we would be drowning in jobs.
Everyone is told to go to high school and get good grades and go to college and get good grades and then get a job and then get a better job. There's no one really telling a story about how they totally blew it, and they figured it out.
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.
Texas has no income tax, which is a big draw for corporate executives who do business there. But it's hardly tax-free. The property taxes are high for a Southern state. The sales taxes are high. One study found that the bottom 20 percent of the Texas population pays 12 percent of its income in state and local taxes.
You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.
Besides the devastating impact that the Ryan budget has directly on individuals, it does nothing to support job creation or our global competitiveness. Investments in both are drastically affected through cuts in funding for transportation and infrastructure projects, as well as funding for research and development.
I dislike paying taxes as much as anyone, but yes, taxes are the price of civilization. There is no America without taxes. The question isn't, "Do we want to have taxes?" The question is, "How heavy is the burden, and who bears that burden"?
The president made it clear that he expected Congress, while they take action to repeal the most corrosive elements of Obamacare, the taxes, the mandates, things that are suppressing job creation and driving up the premiums for working families across the country.
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.
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