We've created rules and taxes on top of every aspiration of people, and the net result is we're not growing fast, income is not growing.
Sentiment: NEGATIVE
Here's the problem if you keep raising tax rates: You slow down economic growth.
Reduced marginal tax rates on individuals and business fosters growth every time.
If there are healthy - and growing - numbers of people working and paying taxes, we are better able to pay the costs of people living longer.
You don't get an economy growing by raising taxes.
The key to revenue growth is tax reform that closes loopholes and that is pro-growth. Then with a growing economy, that's where your revenue growth comes in, not from higher taxes.
Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.
I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a recipe for economic growth.
If we want to increase revenue, we need more taxpayers. The way to do that is employ more people.
When we leave money in the hands of taxpayers, they buy things, they pay taxes, they grow government.
Instead of raising taxes as some would insist, we need to reduce waste and inefficiency in government.
No opposing quotes found.