A Quote by Vince Cable
I am going to confront the old-fashioned negative thinking which says that all government needs to do to generate growth is cut worker and environmental protections, cut taxes on the rich and stroke 'fat cats' until they purr with pleasure. I'm completely repudiating the idea that government has to get out of the way.
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People listen to me, and they hear about a government they want, a government... that will cut spending, cut taxes, that will focus on private-sector job creation.
If you cut taxes on the rich, they'll get so excited and go into so much busy economic activity, that the economy will grow and your tax revenues will actually rise. So cut taxes, collect more taxes. It is a miracle.
If a tax cut increases government revenues, you haven't cut taxes enough.
The message of David Duke, is this, basically: Big government, anti-big government, get out of my pocketbook, cut my taxes, put welfare people back to work. That's a very popular message. The problem is the messenger.
The analysis in the era of Ronald Reagan and Margaret Thatcher was that government was interfering with the efficiency of the economy through protectionism, government subsidies, and government ownership. Once the government "got out of the way," private markets would allocate resources efficiently and generate robust growth. Development would simply come.
You know, you cut taxes for the rich sometimes and it sits in a bank account. You cut taxes for the middle class, they will spend the money.
After 2003, we lowered taxes across the board. And by 2004, revenue to the federal government grew. In the 1980s, Ronald Reagan cut taxes dramatically. And by the end of the decade, revenue coming in the federal government had doubled.
I am going to cut taxes massively. I am going to cut business taxes massively. They're going to start hiring people.
When I'm editing, I tend to cut, go back over it, cut, go back over it, cut, so by the time I'm done, even with a cut, I don't have a rough cut and then work on it so much. I have a pretty rigorous cut of the movie that's usually in the range of what the final movie is going to be. It doesn't mean I don't work on it a lot after that, but I get it into a shape so I feel I can really tell what it needs, or at least it's ready to show people.
How is the government going to get the extra taxes? Out of the rich, or just out of the poor, as usual?
Whenever I'm asked if the Trump tax cut is for the rich, I say yes. It is a tax cut for the rich. It is a tax cut for the middle class. It is a tax cut for small businesses. It is a tax cut for the Fortune 100.
I hate big government, but I really hate a government that doesn't work. So when 'they say we either have to raise taxes or cut core services,' it's actually a 'false choice.
I hate big government, but I really hate a government that doesn't work. So when 'they say we either have to raise taxes or cut core services,' it's actually a 'false choice.'
I have a proven record, a record of accomplishment, a record of cutting taxes, of shrinking the government, of reforming education, of challenging the status quo, eliminating career civil service protections, shrinking the government workforce by 11 percent, but leading the nation in job growth.
If all you think we need to do to get this economy going and get this country on the right track is to cut government and reduce taxes, you don't understand America. America is a moral enterprise, not an economic enterprise.
I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates, and that is the way they support growth, but if you cut interest rate to the bone, there is nothing more to cut. It is very hard to support growth beyond that.
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