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Here's the problem if you keep raising tax rates: You slow down economic growth.

I will never support any tax increase on middle-income earners, ever... If you're not going to eliminate loopholes and exemptions, then I wouldn't support lowering rates.

Every time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.

When you reduce taxes on higher earners it's vital to be reducing them on lower earning people as well so the nation shares in the approach.

You don't get gushers of revenue by raising tax rates. You get it through expansion.

It was an absurd theory that by cutting taxes you would increase government revenues, because the growth of the economy would create an overflow of taxes that would fall into the government coffers.

Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.

The real reason to oppose increasing tax rates on the wealthy is that it's a good bet they could do more to help the economy if they keep their money rather than have their earnings confiscated by the government and spent on another round of stimulus.

Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.

There's no reason to raise taxes. Taxes should be lower... The problem we have is that government spends too much, not that taxes are too low.