We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.
As one of our colleagues recently put it, this Republican pledge of no new taxes is pure Bushlips. It's Bushlips when the president says 'No new taxes' and sends a budget requiring the Finance Committee to raise $20 billion in new revenues: $15 billion in taxes and $5 billion in user fees.lloyd bentsen
We want to see measures to implement taxation justice for ordinary working people. We want an end to the policy of many years now, of huge tax concessions for big corporations and a plethora of stealth taxes on ordinary families and ordinary working people.joe higgins
It was somewhere between the interview with the Indian entrepreneur who wanted to do my taxes from Bangalore and the one who wanted to write my software from Bangalore, and the one who wanted to read my x-rays from Bangalore, and the one who wanted to trace my lost luggage from Bangalore...I was realizing that, while I had been sleeping, while I had been off covering the 9/11 wars, I had missed something really fundamental in this globalization story. I had lost the thread, and I found it in Bangalore.
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
Q: ...he said, I am not going to raise taxes on anyone making under $250,000. Is that pledge still active?Robert Gibbs: We are going to let the process work its way through.robert gibbs
We need to simplify our tax code. We need to make sure that it’s not too cumbersome for people to be able to comply with. And that they don’t end up spending more money trying to file their taxes than they do actually paying in.kristi noem
I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.David Ricardo
If you're a social democrat, then you think it's cool to pay taxes. For me, tax is the finest expression for what politics really is.mona sahlin
I hold that two principles are important; first that there should be a steady expansion of public services, not an irregular one related to revenue accruing in any particular year; the second that taxes should be constant over long periods (provided, that is, that they are neither burdensome nor inequitable).john james cowperthwaite
The hardest thing in the world to understand is income taxes.Albert Einstein
I will not raise your taxes, nor support a tax increase.john mccain
By the standards of honest, if unorthodox, accounting, government workers don't pay taxes, but are paid out of taxes. In other words, they pay taxes out of money confiscated from taxpayers, who, in turn, pay taxes twice: on their own income and on the income of members of the bureaucracy. At the very least, this should disqualify state workers from voting."ilana mercer
A balanced-budget requirement implies is that government has the constitutional right to spend as much as it takes in; that government is permitted to waste however much revenue it can extract from wealth producers, and that the bums must merely bring into balance what was stolen (taxes) with what is squandered (spending).ilana mercer
In this world nothing can be said to be certain, except death and taxes .Benjamin Franklin
The effect therefore on national wealth of those classes of unproductive consumers which are supported by taxation, must be very various in different countries, and must depend entirely upon the powers of production, and upon the manner in which the taxes are raised in each country.
Nothing in life is certain except death, taxes and the second law of thermodynamics. All three are processes in which useful or accessible forms of some quantity, such as energy or money, are transformed into useless, inaccessible forms of the same quantity. That is not to say that these three processes don't have fringe benefits: taxes pay for roads and schools; the second law of thermodynamics drives cars, computers and metabolism; and death, at the very least, opens up tenured faculty positions.seth lloyd
In this world nothing can be said to be certain, except death and taxes.Benjamin Franklin
We don't pay taxes. Only the little people pay taxes.
Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes.
Note, besides, that it is no more immoral to directly rob citizens than to slip indirect taxes into the price of goods that they cannot do without.Albert Camus
There may be those who wish to hear more--more promises to this group or that--more harsh rhetoric about the men in the Kremlin--more assurances of a golden future, where taxes are always low and subsidies ever high. But my promises are in the platform you have adopted--our ends will not be won by rhetoric and we can have faith in the future only if we have faith in ourselves.
When after many battles past, Both tir'd with blows, make peace at last, What is it, after all, the people get? Why! taxes, widows, wooden legs, and debt.
Well, well, the world must turn upon its axis, And all mankind turn with it, heads or tails, And live and die, make love and pay our taxes, And as the veering winds shift, shift our sails.lord byron