Top 1200 Tax Cuts Quotes & Sayings

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.

When I see the sort of mindless tax cuts for the wealthy, cuts to education, I just think we've got it exactly backward in this country.

I think that [Barack Obama] does say something that's - that is telling on that score, when he talks about the [George W.] Bush tax cuts and the swap he makes after the midterm elections, which is he doesn't agree with the Bush tax cuts.

If, if more stimulus means more tax cuts to small businesses, if, if more stimulus means middle class tax cuts, then I'm for it.

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.

Trickle-down economics does not work, and tax reform should not be defined as partisan tax cuts for the wealthy and huge corporations.

I wish they weren't called the 'Bush tax cuts.' If they're called some other body's tax cuts, they're probably less likely to be raised.

Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects

The Democratic Party opposes tax cuts but it cannot say so publicly. Thus, it is forced to support the idea of lowering the tax burden but using class warfare rhetoric to dispute the allocation of the relief.

If we can’t puncture some of the mythology around austerity, politics or tax cuts or the mythology that’s been built up around the Reagan revolution, where somehow people genuinely think that he slashed government and slashed the deficit and that the recovery was because of all these massive tax cuts, as opposed to a shift in interest-rate policy - if we can’t describe that effectively, then we’re doomed to keep on making more and more mistakes.

Should we freeze or postpone prospective tax cuts and avoid any new tax cuts until we are sure we have the money to pay for the war on terrorism and the war in Iraq.

Trump himself stands to benefit dramatically from the tax cuts. One of the things they're cutting is the alternative minimum tax. Last time we have tax returns for him was in 2005, where he paid about $31 million because of the alternative minimum tax. He won't have to pay that, if this tax bill goes through. So, not only is he reordering our constitutional democracy, he is personally enriching himself - which is not new, because, of course, he's done it ever since he swore an oath to become president of the United States.

But what is striking about this, in a town that often talks about tax cuts, we could quite easily, Republicans and Democrats working together, do something that everybody in America desires, and that is a simplification of our Tax Code.

It was absolutely critical to renew the Bush tax cuts. Letting them expire would result in a massive tax increase that would retard economic growth.

I've got a really long record around progressive politics, especially when it comes to the economy. Voted against the Bush tax cuts. Voted against the Trump tax cuts. Believe in investment into lifting people up, closing the opportunity gaps that exist in our society.

If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment.

I look at the idea of eliminating the state and local tax deduction as a geographic redistribution of wealth, because you're taking money from a place like New York to provide deeper tax cuts elsewhere.

Republicans drove us into debt with two wars and the Bush tax cuts. Now they want to pay for that debt with cuts to Social Security, Medicare and Medicaid. This is not only immoral it is bad economics. Why do Republicans always have money for war but not for those in need?

There are a lot of misconceptions regarding the Bush tax cuts, all of them deliberately propagated by none other than President Obama and his pals. The biggest lie of them all is that these tax cuts will only affect the wealthiest two percent.

By keeping most tax rates at present levels, Obama and the Democrats will claim that they have championed tax cuts for the middle class.

Regarding the Economy & Taxation: America's most successful achievers do pay a higher share of the total tax burden. The top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. The bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. History shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.

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.

It's common sense to be for middle-class tax cuts and tax cuts on small businesses, to be for not allowing Medicare to be turned into voucher care.

We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.

I kid the Republicans, with love. I feel bad for them. They got nobody for next time. Who are they gonna run? Sarah Palin, reading off her hand. Did you see that? You saw this? She wrote "tax cuts" on her hand. A Republican so stupid she has to be reminded of the one thing - Tax cuts! This is like if you saw the coyote's paw and it said "Road Runner".

Notably, the Trump tax cuts also doubled the child tax credit, reducing the tax burden on working families so that they have more resources to devote to their children.

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.

The American people want us to stop spending. And so let's just give them some certainty. Let's extend the tax - the existing tax cuts. And then let's give some more tax breaks to small businesses and large. And then maybe the American people will have some confidence.

All my adult life, I have lived with Labour lies about tax cuts. Their cry is always the same. Tax cuts are impossible in a civilised society. They mean less revenue for the state, which means sacked teachers, unemployed doctors, fewer nurses. I am amazed anyone still takes such arrant twaddle seriously.

Democrats in Washington predicted that tax cuts would not create jobs, would not increase wages, and would cause the federal deficit to explode. Well, the facts are in. The tax cuts have led to a strong economy. Real wages were on the rise, and deficit has been cut in half three years ahead of schedule.

I don't hear anything from Trump about tax increases. I hear tax cuts from him. I hear tax reform from him.

Government is not being honest with taxpayers when it renews existing tax breaks and calls them new tax cuts.

Marginal tax rates are the lowest they've been in generations, and all we can talk about is tax cuts.

Everything [Ronald Reagan] got, the tax cuts, he had Democrats outnumbering him in the House and Senate everywhere. There were certain realities that he faced. But the biggest tax increase on Social Security was authored by none other than Bill Clinton.

My healthcare plan puts more money into average families' pockets than the Bush tax cuts... He's got a lousy tax cut. It's only good for the super wealthy. I've got a tax cut that will help ordinary people.

President Trump has doubled the Child Tax Credit and added thousands back into the average Americans' paycheck through tax cuts and wage growth.

Under the Tax Cuts and Jobs Act, the average American family of four will receive a $1,182 tax cut. Imagine what you could do with $1,182 more in your pocket!

The tax relief that this Congress has given now in terms of four tax cuts has overwhelmingly gone to the people at the very top of the income scale in America.

It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

Any Democrat who squirms on the tax-cut issue in the primaries has no chance ' zero ' to win the nomination. Each will have to take the “pledge” to oppose the Bush tax cuts. Thus, Bush will have succeeded in creating a situation where anyone who can win the nomination can't win the election. 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.

[T]hese tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth.

On GOP Tax Cuts: They'll take food out of the mouths of children to give tax cuts to the wealthiest.

Liberal Democrats are inexorably opposed to tax cuts, because tax cuts give people more power, and take away from the role of government.

Tax cuts are temporary, tax increases are permanent.

JFK and Reagan's growth model included tax cuts and a steady dollar. Trump has taken a gigantic step toward restoring prosperity with his tax-cut-centered fiscal policy.

All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.

His presidency ended more than a decade ago, but politicians, Democrat and Republican, still talk about Ronald Reagan. Al Gore has an ad noting that in Congress he opposed the Reagan budget cuts. He says that because Bill Bradley was one of 36 Democratic Senators who voted for the cuts. Gore doesn’t point out that Bradley also voted against the popular Reagan tax cuts and that it was the tax cuts that piled up those enormous deficits, a snowballing national debt.

Every tax cut I call for is targeted, it's responsible and it is paid for within my balanced budget plan. My tax cuts will not undermine our economy. They will speed economic growth.

After 25 quarters of so-called recovery under Obama, it has increased a total of only 14.3 percent. Compare this to earlier periods. After the JFK tax cuts of the early 1960s, the economy grew in total by roughly 40 percent. After the Reagan tax cuts of the 1980s, the economy grew by a total of 34 percent.

Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.

The Tax Cuts and Jobs Act is a leap forward to a fairer and less confusing tax system.

While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day.

What Mae West said about sex is true about taxes. All tax cuts are good tax cuts; even bad tax cuts are good tax cuts.

You are smart people. You know that the tax cuts have not fueled record revenues. You know what it takes to establish causality. You know that the first order effect of cutting taxes is to lower tax revenues. We all agree that the ultimate reduction in tax revenues can be less than this first order effect, because lower tax rates encourage greater economic activity and thus expand the tax base. No thoughtful person believes that this possible offset more than compensated for the first effect for these tax cuts. Not a single one.

We did the two-year extension of Bush tax cuts in 2010. We negotiated the Budget Control Act in August of 2011 and the fiscal cliff deal at the end of 2012, which saved 99 percent of Americans from a tax increase.

People in my hometown voted for President Reagan - for many, like my grandpa, he was their first Republican - because he promised that tax cuts would bring higher wages and new jobs. It seemed he was right, so we voted for the next Republican promising tax cuts and job creation, George W. Bush. He wasn't right.

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.