Quote

If giving tax breaks to millionaires created jobs or grew our economy, I would be in favor of them, but they are the same failed policies of the past that just don't work.

The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates, and I certainly try to teach them the truth.

So I'm definitely in favour of stimulating the dynamic wealth creation sectors of the economy.

I am not for raising taxes on the American people in a soft economy.

In these times of the 'Great Recession', we shouldn't be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don't. I find it patriotic.

People really have to believe in their tax system. They have to believe that there is an equitable distribution of the burden, but there is also an important investment based upon the potential achievements that come from us paying our taxes.

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.

I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.

Taxes should be simple and fair... I'm not for increasing income taxes - if we even have an income tax.