A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.
In general, presidents and congressmen have very limited power to do good for the economy and awesome power to do bad. The best good thing that politicians can do for the economy is to stop doing bad. In part, this can be achieved through reducing taxes and economic regulation, and staying out of our lives.
With all due respect to Speaker Hastert, trying to eliminate the IRS by adopting a national retail sales tax is a very dumb idea.
Bush has legitimized a huge expansion of the welfare state, liberalizing immigration, and using force for democratization abroad. All the next Democratic president has to do to finish Bush's hard work is to raise taxes to pay for it all.
Today's tax cuts provide yet another illustration of the Republicans' fiscally irresponsible economic policies that ignore the needs of America's middle class, students, and working families.
Anti-Tax fetishist Grover Norquist owns a bust of Ronald Reagan, who raised taxes 11 times.
And, frankly, what happens out of Washington is, it creates a wind in my face, uncertainty over Obamacare, uncertainty over their tax policy, uncertainty over the regulatory policy.
I think that anybody who works and pays taxes ought to have a right for citizenship.
Don't tax you, don't tax me; Tax the companies across the sea.
Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
Welfare reform happened with reconciliation; half the Democrats voted for it. The Bush tax cuts happened with reconciliation; twelve Democratic Senators voted for it. You didn't have a real partisan issue on those times that it was used
I have read all that has been written by the gravest authorities on political economy on the subject of rent, wages, taxes, tithes.
Nothing in life is certain except death, taxes, and the second law of thermodynamics.
Pittsburgh have showed me a couple deals, but we all know the money ain't what it's supposed to be. If I quit the game right now, I can take tax-free money, and that's a difficult thing that I'm going through with myself.
Ive never supported a payroll tax.
Taxpayers should not be coerced into giving up their privacy rights just to file their taxes.
The tax code can be used to eliminate the toll booths on the information superhighway.
Tax bills create wealth. They help people live better.
You are giving a little man a biscuit to eat, and you put a barrel of flour more taxes on top of his head to carry.
Higher projected corporate and personal income tax receipts and lower public debt charges.
Eliminating the death tax is particularly important for the many small business owners and family farmers that call Central Washington home.
Just dying should not be a reason for taxes.
The corruption of freedom is in proportion to the moral deterioration of the people. For a people who have lost their sense of self-respect have no need for freedom. And the income tax, by transferring the property of earners to the State, has disintegrated the moral fiber of Americans to such a degree that they do not even recognize the fact.
As I said in my state of the state address, we can no longer rely on gaming and sales taxes to pay our way. Indian gaming next door in California is eroding our major industry in Nevada.
There have been brilliant satires about the tax bureaucracy before, from the Beatles song ‘The Taxman’ to the film ‘Harry’s War,’ but in some ways Jim Greenfield’s The Taxman Cometh outdoes them all. His tale of a little guy who can’t take it anymore is both compelling and timely, given the tax scandals we read about in Washington almost every day.
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