Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact.
In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can't afford it. And I refuse to renew them again.
The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.
Ladies and gentlemen, the Reagan tax cuts turned the deepest recession since the Great Depression into the largest 20-year economic boom in American history. The Reagan tax cuts of 1981 and '86. And the same thing can happen here again. Democrats just cannot let it.
When we`re done simplifying the tax code, getting the lobbyist carve outs our of the tax code, lowering our rates and letting people have a simple system, most Americans will be able to fill out their taxes on a postcard.
We simply can't spend our way out of a recession.
Americans spend 3 billion hours per year filling out tax forms and keeping tax records.
You cannot spend your way out of recession or borrow your way out of debt.
Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work.
It's tax day and while many Americans are filing their taxes with a groan, taxpayers in the Badger State have reason to cheer. In Wisconsin, we have enacted more than $2 billion in tax cuts, giving our citizens much-needed relief, call us crazy Midwesterners but we think you know how to spend your money better than the government.
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
Democrats are not about to nominate anyone who backs the tax cut, and Americans are not going to elect anyone who favors a tax increase.
We all know what the problems are: it's tax and spend. One party will tax and spend, the other party won't tax but will spend. It's both of them together.
Americans spend 6 billion hours a year filling out their tax reforms.
I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.
I don't believe we need the government's help as much as some think we do. That belief sets me apart from the Democrats, since their way of dealing with everything is to tax and spend.