Ben Bernanke Quotes About Taxes

Quotes about: Taxes

• Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

  Ben Bernanke

  Cutting, Law, Important

  "Highlights: Bernanke's Q&A testimony to House panel". Ben Bernanke's remarks during the House Committee on Financial Services hearing at Rayburn House Office Building in Washington, D.C., www.reuters.com. February 29, 2012.

• A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

  Ben Bernanke

  Cutting, Milton, Helicopters

• To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

  Ben Bernanke

  Defense, Entitlement, Social

  "Economic Challenges: Past, Present, and Future". Speech at the Dallas Regional Chamber, Dallas, Texas, www.federalreserve.gov. April 07, 2010.

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