Quotes & Sayings About Tax Increases

Governors of both political parties face a stark choice between unpopular tax increases and drastic cuts in Medicaid, education, public safety and other essential services. — Bill Delahunt

I am very concerned about anything that says 'revenue' because let's just be honest; revenue for Democrats has become code for tax increases. — Jim Jordan

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation. — Glenn Hubbard

Recently the country has seen too much of our legislators, seeing them as a gaggle of check-kiting, judge-smearing deadbeats who don't pay their restaurant bills but raise their pay in the middle of the night. Many Americans-this columnist included-hitherto said tax increases are justified by the budget deficit now say: Give that mob more money? Never. Not a nickel of new taxes until term limits change the political culture on Capital Hill. — George Will

The death tax destroys family businesses and stifles investment that leads to increases in jobs and personal income. As a result, 70 percent of family-owned businesses are not passed on to the next generation and 87 percent do not make it to the third generation. — Jennifer Dunn

Despite an unimpressive first term in office, which featured huge tax cuts
for the wealthiest Americans and tax increases for everyone else, Reagan was
reelected in 1984 in an unprecedented landslide, winning forty-nine of the
fifty states against hapless Democrat Walter Mondale. While he has become
the patron saint of all Republicans, especially those who revel in wearing the
"conservative" mantle, Reagan's record is far, far removed from his rhetoric.
Despite this, the collective delusion of his supporters is best exemplified by
noted Republican speechwriter Peggy Noonan's claims, regarding his 1980
campaign promises, that they were "Done, done, done, done, done, done and
done. Every bit of it. — Donald Jeffries

I cannot in good conscience vote in favor of tax cuts, irrespective of their size, or to which segment of the population they are targeted, ... Nor can I support any spending increases that are not related to improving our nation's defense from the obvious and serious threats facing us today. — John McCain

Look, only in Washington is not raising taxes considered a tax cut. Nobody's getting a tax cut here. We're not cutting taxes. We're preventing tax increases from occurring. — Paul Ryan

At the same time, Republicans are pushing a $70 billion tax package that will overwhelmingly benefit the most wealthy Americans and actually increases the deficit by $16 billion. — Marty Meehan

We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases. — Glenn Hubbard

It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011. — Arthur Laffer

Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending. — Arthur Laffer

Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class. — Bernie Sanders

If you're living hand-to-mouth, and still buying into the con that the big threats to America are socialized medicine, Mexican immigrants and tax increases, then you're not being kept down by the rich. You're being kept down by you. — Bill Maher

We must stop spending money that we just don't have. Historic debt leads to historic tax increases, which stifle job growth. — Kristi Noem

In my judgment, we have to avoid, at all costs, tax increases. That would be the worst possible thing to do and will make a bad economy even worse. Beyond that, targeted tax relief should be expanded upon. — Meg Whitman

I think we can have some tax reform, but that doesn't mean tax increases. We ought to make the, the rates flatter. We ought to get rid of a bunch of those loopholes. — John Kasich

More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent. — Alex Tabarrok

Our party has been accused of fooling the public by calling tax increases 'revenue enhancement'. Not so. No one was fooled — Dan Quayle

Tea Partiers hate government more than they hate the national debt. They refuse to reduce that debt with tax increases, even with tax increases on the wealthy, because a tax increase doesn't reduce the size of government. — Robert Reich

We [USA] have a $16 trillion debt which these tax increases will do nothing to solve and you will have at least 200,000 less jobs next year than you have now. And the people who vote for that will be responsible for that decision and they will held accountable for that terrible public policy. — Marco Rubio

It's wasteful spending like this that not only forces tax increases and cuts in vital services ... but also really make you wonder: who is City Hall looking out for? — Laura Miller

I'm against tax increases on anyone, period, end of debate. — Tom Cole

Every major war in American history, except the Mexican and Spanish-American, has either led to central banking or resulted from it. Central banking and government have a symbiotic relationship that is often mediated by war. Central banking gives government a way to tap the productive power of the private sector and borrow from the future without the need to rely overmuch on unpopular tax increases. Government gives central banking the extreme profits that derive from immense borrowing to finance wars and other government projects. — Mark David Ledbetter

If a tax cut increases government revenues, you haven't cut taxes enough. — Milton Friedman

We vetoed five income tax increases during my time as governor. We cut business taxes $2.3 billion, and we cut regulation by one-third of what my predecessor put in place. — Chris Christie

If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment. — Theresa May

In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011. — Arthur Laffer

The fact is that a lot of the spending increases came during the Bush administration. Two unpaid for wars we got ourselves engaged in. A prescription drug plan that added enormous amounts to our spending, and the tax cuts at the high end that did not create jobs and create revenue coming. — Nancy Pelosi

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity. — Alan Greenspan

In addition to billions in new 'stimulus' spending that our country can't afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations. — Kevin McCarthy

A tax dollar paid today is far more expensive than one paid in future dollars. With inflation, money becomes less valuable over time because of the cost of goods increases. — Coreen T. Sol

The premise of my whole campaign has been not that people need to believe what I say to them, but they need to look at what I have done. And what I have done in the state of Nevada, I have voted over a 100 times against tax and fee increases, poor public policy, and unconstitutional bills. — Sharron Angle

Today, and I'm very strongly against tax increases. — Donald Trump

Tax increases appear to have a very large sustained and highly significant negative impact on output. — Christina Romer

Tax increases don't eliminate deficits they increase govt. spending. — Ronald Reagan

Nevada once again has shown double digit increases in tax revenue ... Nevada continues to show economic stability with its desirable business climate and booming tourism sector. — Kenny Guinn

Americans for Tax Reform is a national taxpayer organization dedicated to opposing any and all tax increases. We work at the national, state and local level for lower taxes, less government spending and limited government. — Grover Norquist

Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers. — Ron Paul

President Obama has admitted that Medicare is on an unsustainable course and that no amount of tax increases can fix it. — David Limbaugh

I'm for tax reform, not tax increases. — Grover Norquist

Bush the Elder's stature as president grows with every passing year. He was the finest foreign policy president I've ever covered and a man who defied his party on tax increases while imposing budget restrictions on the Democrats. — Joe Klein

Of course, government economists have been doing their part as well to try to sugar-coat the pill of tax increases. They never refer to these changes as "increases." They have not been increases at all; they were "revenue enhancement" and "closing loopholes." The best comment on the concept of "loopholes" was that of Ludwig von Mises. Mises remarked that the very concept of "loopholes" implies that the government rightly owns all of the money you earn, and that it becomes necessary to correct the slipup of the government's not having gotten its hands on that money long since. — Ludwig Von Mises

Under current law, on January 1st, 2013, there is going to be a massive fiscal cliff of large spending cuts and tax increases. — Ben Bernanke

History shows that tax increases during a recession are a recipe for greater unemployment and economic loss. — Pete Sessions

There are several reasons to oppose tax increases. First, every dollar of tax increase is a dollar you didn't get in spending restraint. Two, if you walk into the Democrats' Andrews-Air-Force-Base, Lucy-with-the-Football trick for the third time in a row - they don't have have a saying for being fooled three times! — Grover Norquist

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. — Grover Norquist

... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income. — Campbell R. McConnell

Our government has made a whole lot of promises that, in the long run, it cannot possibly keep without huge tax increases. — David Walker

The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans. — Doug Casey

Progressive taxes are inherently flawed in that they fund public services which are often location-dependent, thus adding to the value of owned land. Thus, any tax that pays for public services without obtaining revenue from resulting land value increases is fundamentally unjust. — Martin Adams