A Quote by Nicola Sturgeon
Tax credits are designed to help people who work hard but who, through no fault of their own, don't earn enough to keep their families out of poverty.
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Labour ministers often look puzzled when reports show that Britain has one of the lowest levels of social mobility in the developed world. They just don't get it. They see poverty, inequality, fairness, as all about income. For the past 12 years, they have relied on tax credits to solve this. But tax credits do not solve poverty: they mask it.
Taxing poor families runs counter to decades of effort to help people lift themselves out of poverty through work.
They tax when you earn a dollar, they tax you when you save it, they tax you when you invest it. If you earn a dividend, they tax it again, and if you're stupid enough to die, they steal up to half.
Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
There are some people who get money just because they've got large families. So if it pays to make large families and earn more money than you would earn out at work, why not have more families, larger families? That's wrong.
Tax credits do not help people get better jobs; in fact, they can create poverty traps that actually disincentivise people from working more hours or finding a better paid job.
Look, part of it is that those credits have a list of names of people who work so hard on the show. They do amazing visionary work on 'Dragon Prince'. And Netflix lets you skip those credits so easily. We wanted to give people a reason to enjoy the credits.
The Tax Cuts and Jobs Act is a strong start to help Mississippi families keep more of their hard-earned money and to help small businesses create jobs.
Millions and millions of people don't pay an income tax, because they don't earn enough to pay on one, but you pay a land tax whether it ever did or ever will earn you a penny. You should pay on things that you buy outside of bare necessities. I think this sales tax is the best tax we have had in years.
Buying pollution credits is folly; it doesn't help the environment. Instead of using tax dollars to buy credits overseas, we'll use them at home.
What the Trump tax plan is a plan to give tiny little tax cuts to most Americans, raise taxes on perhaps one in five families and shower benefits on people who earn millions of dollars a year. And this fits with a fundamental principle the Republicans have been pursuing for a long time. The rich aren't investing and creating jobs, because they don't have nearly enough money, and so we need to get them money. And the way the Republicans want to get it to them is tax cuts first, and then to take away help for children, the disabled, the elderly and the poor.
People who won't help others in trouble "because they got into trouble through their own fault" would probably not throw a lifeline to a drowning person until they learned whether that person fell in through his or her own fault or not.
Effective tax credits are used to create jobs and grow our economy. But tax credits that aren't delivering for Missourians must be retooled and reformed.
The Labour perspective is often very preoccupied with either the super-rich or those who don't have work - but doesn't have nearly enough to say to those who do have work, on incomes that may not mean they get benefits or tax credits, but are not well off people.
We need to simplify the tax code to reward Americans for working hard, investing, saving - and allow families to keep more of their own money.
Democratic priorities remain clear: to provide a tax cut for working families, to promote policies that produce jobs and economic growth, and to assist millions of our fellow Americans who have lost their jobs through no fault of their own.
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