Reconciliation is a special budget procedure to change entitlement and tax laws. It cannot be filibustered and requires only a simple majority in the Senate to be passed. It is primarily intended for deficit and mandatory spending reduction
Everything depends on a good job - strong families, strong communities, the pursuit of the American dream, and a tax base to support schools for our kids and services for our seniors.
I was working on a flat tax proposal and accidentally proved there was no God.
We need to end permanently the tax that punishes American values of savings and investment and of building small businesses and family farms and ranches.
Owning your own home is America's unique recipe for avoiding revolution and promoting pseudo-equality at the same time. To keep citizens puttering in their yards instead of sputtering on the barricades, the government has gladly deprived itself of billions in tax revenues by letting home owners deduct mortgage interest payments.
History shows that when the taxes of a nation approach about 20 percent of the people's income, there begins to be a lack of respect for government.... When it reaches 25 percent, there comes an increase in lawlessness.
You either make it illegal, in which case you support a huge underground economy or you tax it within the limits people can afford.
A tax cut means higher family income and higher business profits and a balanced federal budget.
I have asked the secretary of the treasury to report by April 1 on whether present tax laws may be stimulating in undue amounts the flow of American capital to the industrial countries abroad through special preferential treatment.
In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.
The present tax codes inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.
We must start now to provide additional stimulus to the modernization of American industrial plants I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.
A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.
The Congress will push me to raise taxes, and I'll say no, and they'll push, and I'll say no, and they'll push again and I'll say to them, read my lips, no new taxes.
For a generation and more, the government has sought to meet our needs by multiplying its bureaucracy. Washington has taken too much in taxes from Main Street, and Main Street has received too little in return. It is not necessary to centralize power in order to solve our problems.
I believe the tax on capital gains should be zero.
I'll release my tax returns when Barack Obama releases his college transcripts and the copy of his admission records to show whether he got any loans as a foreign student. When he releases that, talk to me about my tax returns.
My husband said, 'Now you need to go and get a post-doctorate degree in tax law.' Tax law! I hate taxes. Why should I go and do something like that? But the Lord says, 'Be submissive, wives, you are to be submissive to your husbands.'
We've already donated to Haiti. It's called the U.S. income tax.
My heart is a weatherballoon caught in an updraft of a chinese tax percentage, the tax percentages are unequivocaaaaaaaaaal, Unequivocaaaaaaaaal. This is the sort of lyrics you could never think of, loser. Here's a razorblade go cut yourself
But Tolkien doesn't ask the question: What was Aragorn's tax policy?
Tolkien can say that Aragorn became king and reigned for a hundred years, and he was wise and good. But Tolkien doesn’t ask the question: What was Aragorn’s tax policy? Did he maintain a standing army? What did he do in times of flood and famine? And what about all these orcs? By the end of the war, Sauron is gone but all of the orcs aren’t gone – they’re in the mountains. Did Aragorn pursue a policy of systematic genocide and kill them? Even the little baby orcs, in their little orc cradles?
Today the Internal Revenue Code constitutes cruel and unusual punishment. A flat tax would be an enormous step forward.
If [a United States Supreme Court Justice is] in the doghouse with the Chief [Justice], he gets the crud. He gets the tax cases.
Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.
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