A Quote by Stephen Moore
The 'progressive' tax-and-spend agenda has been put on trial. The policies not only lead to much slower growth but also benefit the rich and politically well-connected at the expense of everyone else.
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I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.
Congress must also enact pro-growth policies that encourage the economy to expand: like making tax relief permanent and repealing the death tax.
They have two aspects. One is that they're unpredictable, and that often rich and more affluent households are slow to spend the funds. The other thing about tax cuts is that they're redistributive. So they tend, naturally, to benefit those who pay tax.
Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.
Misguided economic and tax policies have hampered growth, allowing the rich to become richer while turning the middle class into the working poor.
I want to make democracy work not only for the rich and the well connected but for everyone.
The American people must make a fundamental decision. Do we continue the 40-year decline of our middle class and the growing gap between the very rich and everyone else, or do we fight for a progressive economic agenda that creates jobs, raises wages, protects the environment and provides health care for all?
Government spending is being restrained, the economy is making progress and moving forward, and the pro-growth, tax cutting policies put in place have allowed businesses to grow, which has brought in additional tax revenue to help pay off the debt.
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.
Sometimes, I am also identified as a civil rights leader or a human rights activist. I would also like to be thought of as a complex, three-dimensional, flesh-and-blood human being with a rich storehouse of experiences, much like everyone else, yet unique in my own way, much like everyone else.
It is a myth that higher taxes lead to less demand and slower growth. In the first three decades after World War II, US top tax rates on the wealthy were never below 70 percent.
There are several states that move from Karl Marx-like policies to Adam Smith-like policies and back again in a weekend. So for the states with huge volatility in their income tax policies over time, the differences in growth rates in those periods are really amazingly consistent with tax rates really mattering.
It used to be that we taxed property - zapped farmers basically. And there were very rich people who didn't pay that much tax. So in 1913, they put in the income tax. It was incredibly popular. The tax we love to hate today.
In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.
I believe that the only people who really, truly benefit from any of the policies of Republicans are the wealthy. I'm in that 1 percent tax bracket, but I'm not a man of wealth.
I'm lucky that I know so many people in the world, but it's also heartbreaking because I'm only one person, and I only have as much time as everyone else. For every choice I make about how to spend this time, there are a million somethings that have to go by the wayside.
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