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.
The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.
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.
Mitt Romney has won the 2012 presidential nomination by promising Republicans that he would end a so-called 'culture of dependency' on welfare - welfare defined as 'free stuff' and food stamps for poor folks, not tax breaks for Big Oil or tax shelter...
When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.
People don't seem to make the connection between their tax money and the benefits that they get from their tax money, like free education, and the fire department, and police protection, and everything else. It drives me bonkers, because it's pretty ...
As president, Reagan worked very well with Democrats to do big things. It is true that he worked to reduce the size of government and cut federal taxes and he eliminated many regulations, but he also raised taxes when necessary.
The federal government is often said in militia circles to have made wholesale seizures of power, at times by subterfuge. A leading grievance holds that the 16th Amendment, which authorizes the federal income tax, was ratified through fraud.
Government spending is being restrained, the economy is making progress and moving forward, and the pro-growth, tax cutting policies put in place have allowed businesses to grow, which has brought in additional tax revenue to help pay off the debt.
We are angry about paying the highest income taxes and property taxes in the nation and getting less and less for it. We are angry about our incompetent, dysfunctional government that pays no attention to the desires of the people. We are angry about...
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.
I don't think the folks in the low-tax states really want to go into a fairness discussion. Residents of Connecticut and New York would love to remind them how much they pay in federal taxes to support programs for Mississippi and South Dakota.
The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City - hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.
Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?
We will attract more people to Kentucky by lowering our income tax rate. In fact, lowering the income tax rate is the single most important thing we can do to create opportunity.
The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.
Broaden the tax base, close loopholes and flatten the tax rates - all of which would bring more revenue stability and certitude to projections as well as make filing a comparable breeze.
I am such a strong admirer and supporter of George W. Bush that if he suggested eliminating the income tax or doubling it, I would vote yes on first blush.
Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.
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.
In the ancient world, taxes were paid in kind: landowners paid in crops or livestock; the landless paid with their labor. Taxing trade made medieval monarchs rich and funded the early-modern state.
