Higher Taxes Quotes & Sayings

If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes. — Michael Bloomberg

Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital. — Lars Feld

Working income is taxed at a higher rate than the non-working income — Munir Moon

When we speak today, then, about "holy wedded matrimony," or the "sanctity of marriage," we would do well to remember that, for approximately ten centuries, Christianity itself did not see marriage as being either holy or sanctified. Marriage was certainly not modeled as the ideal state of moral being. On the contrary, the early Christian fathers regarded the habit of marriage as a somewhat repugnant worldly affair that had everything to do with sex and females and taxes and property, and nothing whatsoever to do with higher concerns of divinity. — Elizabeth Gilbert

The United States is absolutely ripe for a rise in gasoline taxes. The nominal gasoline excise tax rate has been fixed at 18.4 cents per gallon since 1994.29 Inflation alone has reduced the real value of that tax per gallon by around 30 percent. As with other federal tax rates, the U.S. excise tax rate on gasoline is extremely low by international comparison. We might conservatively assume that by 2015 an extra 0.5 percent of GDP could be collected by some combination of a higher gasoline excise tax and modest carbon levies on other fossil fuels (such as on coal at the utilities). Other — Jeffrey D. Sachs

What the Democrats don't seem to understand is that higher taxes mean fewer American jobs and less American production. — Lynn Westmoreland

What Republicans need to do is to go back to their roots - starting with Lincoln - and remind the nation that they are the party of national growth, racial equality and unity of purpose. These Lincolnian themes will serve Republicans - and the nation - much better than becoming the party on the lookout for the supposed rat head of higher taxes. — Alan Siegel

Most Americans want their government to be smaller, not larger; they want their taxes to be lower, not higher. — John Barrasso

My finely honed political instincts tell me that almost nobody believes that they should be paying higher taxes. — Barack Obama

Where taxes are concerned, there are two clear-cut points of view. There are those who think they're too high and those who think they should be even higher because, after all, politicians spend our money far more wisely than we do. The obvious solution I'd propose is that the people in the first group would pay less and those in the second group would pay more. Lots more. — Burt Prelutsky

Higher income people don't have to pay taxes if they don't want to. — Rick Santorum

Life is full of joys and sorrows, much of it our own making. Sadly, the West has voted time and time again for bigger government, more inflation, higher taxes and excessive regulation - all policies that have kept us from Adam Smith's vision of an opulent society. — Mark Skousen

People tolerate taxes for a while because they have previously accumulated wealth. As the tax burden grows and productivity falls, tax revenue falls and the only answer seems to be higher taxes. If the people can no longer tolerate higher taxes, government merely borrows and creates new money, and then the inflation tax is paid with higher prices. The whole process destabilizes the political system and eventually becomes a threat to civilized progress. — Ron Paul

Higher government spending will not lead to more rapid monetary growth and inflation if additional spending is financed either by taxes or by borrowing from the public. In that case, government has more to spend, the public has less. Higher government spending is matched by lower private spending for consumption and investment. However, — Milton Friedman

Well, higher-income people don't have to pay taxes if they don't want to because they can move their money somewhere else, they can move their investments. They can stop investing. They can stop working. They don't need to work. They're higher-income people. — Rick Santorum

Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds. — Steven Rattner

Climate change denialists are therefore engaged in intergenerational economic warfare on their own societies. They won't witness the worst aspects of climate change - luckily for them they'll die before they occur. But their children and grandchildren will be affected by them. The refusal of older people, and particularly old white males, to accept the need for climate action shifts costs that they themselves are causing onto their descendants, all of whom will pay higher prices, higher taxes and higher insurance premiums and enjoy poorer health, lower economic growth and fewer jobs because of climate change. Denialists are a form of economic parasite preying on their own offspring, running up a bill they'll die before having to pay. And every year of delay increases the costs that future generations will have to bear. — Bernard Keane

Obama sees everything backward. Where Americans see individual achievement, he sees government's work. Where we see failing companies, he sees innovation worth subsidizing. Where we see the need for economic growth, he sees a need for higher taxes. — Reince Priebus

I'm very, very concerned ultimately, as Medicaid costs increase in my state and most states, it's going to reduce funding for state aid to our public schools, to our higher education institution or higher taxes on the middle class that President Obama said he didn't want to do. And that's exactly where he's headed. — Dave Heineman

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. — William Hague

In every major war we have fought in the 19th and 20th centuries. Americans have been asked to pay higher taxes - and nonessential programs have been cut - to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families. — Robert Hormats

The bad consequences of a government program usually don't show up immediately. And the delay may be long enough to hide the connection between the program and its results. So government never has to say it's sorry - never has to take responsibility for ht misery it causes. Instead it can blame everything on personal greed, profit-hungry corporations, and the 'private sector.' And the government's cure for the problems is to impose bigger programs, more regulation and higher taxes. — Harry Browne

While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day. — Tim Bishop

Obama's plan for higher taxes and more spending is a blueprint for perpetual poverty. The last thing America needs is more of the Democrats' class warfare that has left our economy a barren landscape. — Steve Stockman

Working hard to earn more money and then giving it away in higher taxes isn't financially intelligent, even if you do put some of it into a retirement account. — Robert Kiyosaki

The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery. — Karl Rove

First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent. — John S. Watson

The difference between American parties is actually simple. Democrats are in favor of higher taxes to pay for greater spending, while Republicans are in favor of greater spending, for which the taxpayers will pay. — P. J. O'Rourke

Some of you in this room support higher taxes. I welcome your enthusiasm and am glad to report that the IRS takes both money orders and checks. — George W. Bush

The politics of austerity, of higher taxes, decided by governments, have lengthened the economic crisis. — Arnaud Montebourg

The most absurd public opinion polls are those on taxes. Now, if there is one thing we know about taxes, it is that people do not want to pay them. If they wanted to pay them, there would be no need for taxes. People would gladly figure out how much of their money the government deserves and send it in. And yet we routinely hear about opinion polls that reveal that the public likes the tax level as it is and might even like it higher. Next they will tell us that the public thinks the crime rate is too low, or that the American people would really like to be in more auto accidents. — Llewellyn Rockwell

Americans would not mind higher taxes if they were wrapped in bacon — Todd Davis

Whoever is for higher taxes, feel free to pay higher taxes. — Adam Carolla

Unfortunately, President Obama's failed policies of new regulations, higher taxes, and Obamacare and his anti-business rhetoric have hit Hispanics especially hard. Big government really hurts those who are trying to make it. — Marco Rubio

When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident. — Ronald Reagan

Unfortunately the Republican tax cut will deny important revenues to many states facing their own deficits. This will create greater pressure for higher state and local taxes. — Dick Durbin

I expect to see trade wars, foreign policy disasters, a few race riots, a decrease in personal liberty, higher taxes, higher inflation and probably, economic collapse. The silver lining is, secession will probably become more feasible. — Charley Reese

The New York Times editorial page is like a Ouija board that has only three answers, no matter what the question. The answers are: higher taxes, more restrictions on political speech and stricter gun control. — Ann Coulter

Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes. — Franklin D. Roosevelt

What works for Sweden wouldn't work for France or Germany or Italy. In a small state, you can reach outside for many of your activities. In a homogeneous culture, they are willing to pay higher taxes in order to achieve commonly held goals. But "common goals" are much harder to come by in larger, more heterogeneous populations. — Milton Friedman

Democrats want to use the slowdown as an excuse to do what their special interests are always begging for: higher taxes, bigger government and less trade with other nations. — Mitt Romney

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. — James Callaghan

Welfare mostly subsidizes people in poverty, helping few escape from it. In their hearts, most people who are poor would like to be rich, or at least self-sustaining, but this president never talks about how they might achieve that goal. Instead, he criticizes those who made the right choices and now enjoy the fruits of their labor. Rather than use successful people as examples for the poor to follow, the president seeks to punish the rich with higher taxes and more regulations on their businesses. — Cal Thomas

I'm not so sure liberal democracy as we know it has reached its terminus. It's clear though, that many have genuinely lost confidence in the Australian political class. One reason is that we like to place enormous burdens of expectations on modern political leaders. To be sure such expectations aren't always honest. Just as we want better public services but object to paying the higher taxes that would make them possible, we often want leadership but only if there aren't hard choices with real consequences. — Tim Soutphommasane

Higher energy prices act like a tax. — John W. Snow

High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources. — Thomas Sowell

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success. — Mark Skousen

Gold belongs only in the portfolios of fearmongers and speculators. If you own gold in your portfolio, expect to not get paid an income, pay higher taxes on your returns, take a more volatile ride than the stock market, and get a long-term return lower than bonds. — Peter Mallouk

Higher taxes still does not create prosperity for all. And, more government still does not grow jobs. — Bobby Jindal

Experience tells us that we do not need more overspending or higher taxes to grow jobs. We do not need more regulations or more government control - such as the government takeover of health care or the restrictions in domestic energy production. — Tim Walberg

Higher projected corporate and personal income tax receipts and lower public debt charges. — Ralph Goodale

For Al Gore and Paul Ehrlich and Co., whatever the problem, the solution is always the same. Whether it's global cooling, global warming, or overpopulation, we need bigger government, more regulation, higher taxes, and a massive transfer of power from the citizens to some unelected self-perpetuating crisis lobby. — Mark Steyn

Physical ills are the taxes laid upon this wretched life; some are taxed higher, and some lower, but all pay something. — Lord Chesterfield

I talked to a lot of employers who just are, are fearful of what's coming next out of Washington. It's all the spending, it's all the debt. It's their national energy tax, they want to call it cap and trade - more mandates, higher costs, more taxes. Their healthcare bill - more mandates, higher costs, higher taxes. — John Boehner

The answer to many of the domestic problems we face is not higher taxes and more spending. It is less waste, more results and greater freedom for the individual American to earn a rightful place in his own community - and for States and localities to address their own needs in their own ways, in the light of their own priorities. — Richard M. Nixon

The history of the welfare state is the history of public enterprise pushing out private organization. The impact was largely unintentional, but natural and inevitable. Higher taxes left individuals with less money to give; government's assumption of responsibility for providing welfare shriveled the perceived duty of individuals to respond to their neighbors' needs; and the availability of public programs gave recipients an alternative to private assistance, one which did not challenge recipients to reform their destructive behavior. — Doug Bandow

Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work. — Martin Feldstein

Nobody wants to pay higher taxes. But do you want your kids to get a good education? You have to pay for that. Do you want Medicare for senior citizens? I do. We have to pay for it. — Shelley Berkley

Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with. — Milton Friedman

I've built companies, I've created jobs, I know the frustration of small businesses with higher taxes. — Rick Scott

The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. — Marc Faber

The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a napkin - that cutting taxes would lead to higher tax revenues. — Steven Rattner

Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes. — Rob Portman

The real issue for the public is to figure out which narrative do we want. We can have a bigger government, if that's the public's choice. It'll just require higher taxes on every American. Do you want that, or do you want smaller government, smaller taxes? — Glenn Hubbard

People ask how I can be a conservative and still want higher taxes. It makes my head spin, and I guess it shows how old I am. But I thought that conservatives were supposed to like balanced budgets. I thought it was the conservative position to not leave heavy indebtedness to our grandchildren. — Ben Stein

For any ranked society, whether a chiefdom or a state, one thus has to ask, why do the commoners tolerate the transfer of the fruits of their hard labor to kleptocrats? This question raised by political theorists from Plato to Marx are raised anew by voters in every modern election. Kleptocracies with little public support run the risk of being overthrown, either by downtrodden commoners, or by upstart would be replacement kleptocrats seeking public support by promising a higher ratio of services rendered to fruits stolen. — Jared Diamond

With a [democratic] government anyone in principle can become a member of the ruling class or even the supreme power. The distinction between the rulers and the ruled as well as the class consciousness of the ruled become blurred. The illusion even arises that the distinction no longer exists: that with a public government no one is ruled by anyone, but everyone instead rules himself. Accordingly, public resistance against government power is systematically weakened. While exploitation and expropriation before might have appeared plainly oppressive and evil to the public, they seem much less so, mankind being what it is, once anyone may freely enter the ranks of those who are at the receiving end. Consequently, [exploitation will increase], whether openly in the form of higher taxes or discretely as increased governmental money "creation" (inflation) or legislative regulation. — Hans-Hermann Hoppe

The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor and the middle class. When you destroy a currency by creating money out of thin air to pay the bills, the value of the dollar goes down, and people get hit with a higher cost of living. It's the middle class that's being wiped out. It is most evil of all taxes. — Ron Paul

Now we Democrats, well, we're all for higher taxes, right? But man do we hate to pay those taxes, and most of the politicians I worked for took advantage of every tax loophole they could find, and if they couldn't find it, they'd just legislate one out of thin air. That's the D.C. way. Tax policy is a means to buy votes, but at the end of the day, we all share in a mutual disdain for government. It's — D.W. Ulsterman

Students often approached me about state-paid tuition while I was out campaigning. After I explained to them that if the state pays their tuition now, they will pay higher taxes to pay other people's tuition for the rest of their lives, most of them ended up agreeing with me. — Jesse Ventura

In Britain, polls show large majorities in favour of mansion taxes and higher taxes on the finance sector. — Geoff Mulgan

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

Repeatedly proposed that the state pay for universal primary education as well as fund education at later stages. He was met with opposition from many quarters, mostly those wary of big government or higher taxes. Yet interestingly, one of his most ardent supporters was an old friend and political opponent, the conservative John Adams. — Fareed Zakaria

We will shortly become like Germany, France, the United Kingdom, or Sweden - a socialist democracy in which the government dominates the economy, determines private-sector priorities and offers a vastly expanded range of services to many more people at much higher taxes. — Dick Morris

If you're white and wealthy, Texas is a great place, however, no Texas governor Republican or Democrat is eager to raise taxes and without that you can't expand access to health care or decrease the cost of higher education. — Calvin Jillson

Is he prepared to support, at his own expense, projects and undertakings designed to help the needy? Is he prepared to pay higher taxes so that public authorities may expand their efforts in the work of development? Is he prepared to pay more for imported goods, so that the foreign producer may make a fairer profit? Is he prepared to emigrate from his homeland if necessary and if he is young, in order to help the emerging nations? — Pope Paul VI

Higher taxes is the road to ruin. We must and we will shrink our government, and that means making some tough choices, tightening our belts. — Chris Christie

I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot. — Barack Obama

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. — John Hoeven

Up until 1986, the top marginal rate, the top statutory rate was 50 percent. Now it's 35 percent. And all the pressure is on to lower that even further. And this just doesn't make a great deal of sense. When people say, 'Oh, we can't raise taxes on the rich. They'll go on strike, they'll move to another country.' But within recent memory, it hasn't been that long ago that we had rates that were substantially higher. And these people did just fine. I just think that there's a disconnect between the facts of what taxes do and the sort of mythology of what they do. — Bruce Bartlett

It is a myth that higher taxes lead to less demand and slower growth. In the first three decades after World War II, US top tax rates on the wealthy were never below 70 percent. — Robert Reich

When you try to figure out what the religious right is, it ultimately comes down either to one man, Pat Robertson, or anyone who believes in a higher being and wants their taxes cut. — Ann Coulter

Take a look at the polls. The public overwhelmingly supports higher taxes on the wealthy, which have declined sharply in this period of stagnation and decline - higher taxes on the wealthy and preserve the limited social benefits. — Noam Chomsky

My opponent Senator Menendez and his colleagues are pursuing what I consider a Jon Corzine economic policy. Higher taxes, more spending, more debt. — Joseph M. Kyrillos

[The healthcare bill is a] headlong rush into socialism ... we will not stand for the Obama-Pelosi-Reid hijacking of our freedom and democracy so they can impose their socialist 'utopia' of higher taxes, restricted access, inferior quality, and deadly inefficiency on the best health care system in the world ... You and the RNC are all that stand between the Democrats' scheme to take more of your hard-earned income to pay for this unsustainable, freedom destroying entitlement and an opportunity to work for real, truly bipartisan step-by-step solutions ... — Michael Steele

On the contrary, the inflation itself is partly a response to the reaction. As it has become politically less attractive to vote higher taxes to pay for higher spending, legislators have resorted to financing spending through inflation, a hidden tax that can be imposed without having been voted, taxation without representation. That is no more popular in the twentieth century than it was in the eighteenth. — Milton Friedman

Economists agree that all taxes potentially detract from the ability of markets to allocate resources efficiently, and the least inefficient types of taxation are those that are simple, uniform, and predictable, which allow businesses to plan and invest around them. The U.S. tax code is exactly the opposite. While nominal corporate tax rates in the United States are much higher than in other developed countries, very few American corporations actually pay taxes at that rate, because they have negotiated special exemptions and benefits for themselves. — Francis Fukuyama

Why is it fair that I should be paying a higher percentage of taxes than anyone else? — Sheldon Adelson

The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government. — Bruce Bartlett

I think that we've had an economy that's been out of balance for too long. So the general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven't benefited as much from this new global economy, I think is a sound one. — Barack Obama

Raising tax rates does not raise revenues. In fact, just the opposite happens. The rich just find a way to legally shelter their money and avoid the higher taxes. And who could blame them. But every time we've lowered tax rates, revenues rose. Harding. Coolidge. Hoover. Kennedy. Reagan. Bush. They all got that. — Steve Berry

This is what the election of 2010 was about. We didn't send conservatives to Washington to flirt with Democrat proposals for higher taxes and more debt. We sent leaders to stop them. — Adam Hasner