Think of how we challenged the impression that we taxed for its own sake and that we were hostile to business. We were right to change.
Sentiment: POSITIVE
I think there are certain business matters which we must now conduct differently than we used to.
I'm still one who says that we can get rid of the Internal Revenue Service if we would pass the fair tax, which is a tax on consumption rather than a tax on people's income, and move power back where the founders believed it should have been all along.
We had 90 percent taxes before in America. All right? Didn't work.
I would rather we limited - for the sake of transparency - we limited the number of taxes that we had and we were right up front about what they are, how much they are, and so forth.
The 1986 tax act is sort of the unsung hero of the very good economic times we had for a long time. Of course, politics gums it all up again and preferences get put in.
And the cornerstone of my economic policies, when I first got elected, was cutting taxes on everybody on who paid taxes.
Our forefathers made one mistake. What they should have fought for was representation without taxation.
Simply looking at the status quo and suggesting that the tax code is sacrosanct and can never change, and that decisions made in the '80s and '90s can never change, is absurd.
You have got to clear up that corporation tax in the modern way has had its day as a major source of revenue, and we have got to find a new system.
We cannot tax the same people we expect to create jobs. That is a recipe for keeping people out of work.
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