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. – Christina Romer
The Bush tax cuts, they ought to be made permanent in my mind so there is certainty out there. – Gary Herbert
My own feeling is that one should refuse to participate in any activity that implements American aggression – thus tax refusal, draft refusal, avoidance of work that can be used by the agencies of militarism and repression, all seem to me essential. – Noam Chomsky
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. – Francois Hollande
In Texas money goes further, with one of the lowest costs of living, one of the lightest tax burdens as a percent of income, and one of the lowest debt-per-capita ratios. – Mark McKinnon
Today’s tax cuts provide yet another illustration of the Republicans’ fiscally irresponsible economic policies that ignore the needs of America’s middle class, students, and working families. – Ellen Tauscher
Democratic priorities remain clear: to provide a tax cut for working families, to promote policies that produce jobs and economic growth, and to assist millions of our fellow Americans who have lost their jobs through no fault of their own. – Nancy Pelosi
In the European context tax rates are high and government expenditure is focused on current expenditure. A ‘good’ consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments. – Mario Draghi
There’s 2 million Palestinians that govern themselves. They have their own parliament, their own government, their own elections, their own tax system. I don’t want to govern the Palestinians; no one does. They already govern themselves. – Naftali Bennett
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it – as proposed by President Barack Obama. This would cut the fiscal drag by almost half. – Mark Zandi
Scratch the surface at conservative think tanks and universities that house free-market economists, and it’s not hard to find proponents of a carbon tax. – Nina Easton
Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen’s compensation, health care benefits, welfare, you name it. – Meg Whitman
I was the first businessman to say, ‘You should give tax benefit to only small companies. You should say your profits are exempt to a limit of Rs. 50 crore or so, but beyond that, you should pay taxes.’ I have been arguing with successive finance ministers on this. – N. R. Narayana Murthy
To me, there are four F’s in a good tax system: it ought to be flatter, fairer, finite and family-friendly. – Mike Huckabee
We would like a stable policy framework, and whatever incentives and tax structures are there should be made known to investors upfront. There should be credibility, clarity and continuity in both policy formulation and its implementation. – Narendra Modi
Generally, an indie film in the U.K. is put together much like in the states. We got a tax credit. You sell the domestic rights, which can be quite low, but it’s enough to push you over the line. And you get a tax credit on top of that, and then you cobble it together with private equity or gap financing and things like that. – Noel Clarke
I used to be a retailer, and I find it discouraging when somebody comes in and they pick something up and they say, ‘Now if you’ll sell it to me without the sales tax, I’ll buy it.’ – Michael Enzi
Reports also suggest that Ernst and Young and other large tax preparation firms are sending tax returns overseas for processing. But the IRS has no control over tax information once it’s been sent to India or another country. – Melissa Bean
I can think of a number of things more interesting to read about than tax law, but few things affect our lives more. – Mike Crapo
Even with multiple instruction books, maneuvering the maze of the tax code is costly and time-consuming. – Mike Crapo
When there is an income tax, the just man will pay more and the unjust less on the same amount of income. – Plato
We got government off the backs of the people of India, particularly off the backs of India’s entrepreneurs. We introduced more competition, both internal competition and external competition. We simplified and rationalized the tax system. We made risk-taking much more attractive. – Manmohan Singh
A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession. – Paul Samuelson
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. – Marty Meehan
How we fund transportation in this country is broken. You all pay a gasoline tax, right? Well, cars go farther, we get electric cars, and so on. And then we do more with the money than just build roads. We do bike lanes and mass transit. – Kevin McCarthy
The position is clear – there is no ambiguity in Sinn Fein’s position. We, along with all the other parties, have signed up to a reduced rate of corporation tax of 12.5 % by 2018. – Martin McGuinness