President Obama always gives lip service to lowering the corporate tax rate, but he never specifies a particular rate or an overall plan. – Lawrence Kudlow
Rather than passing a thousand pages of tax reform legislation and restarting the tax code manipulation process, we should change the paradigm. It is time to eliminate the IRS and repeal the 16th Amendment. – Jim Bridenstine
Arthur Laffer has taught us, ‘If you tax something, you get less of it.’ That’s why firms are moving offshore in droves. It’s not about being unpatriotic. It’s that it doesn’t pay, after-tax, to invest in the United States. – Lawrence Kudlow
Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues. – Mike Pence
This idea of holding the Defense Department hostage to the tax debate makes me sick to my stomach. Knock it off. – Lindsey Graham
Tax reform likely will be the first policy action in a Trump administration. A close second will be a thorough repeal and rewrite of Obamacare, restoring a freer market with true consumer choice and competition among providers. – Lawrence Kudlow
Dave Camp, in my view, made tax reform inevitable in the sense that he showed you could broaden the base and lower the rates and simplify the code and be competitive around the world and make it more understandable. – Kevin Brady
Dozens of America’s wealthiest taxpayers – including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry’s fame – have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year. – Joe Conason
There certainly is a lot of political pressure for states to adopt the new federal tax codes. But there is no law that requires them to do so. – John Barry
Did you know that they introduced the 15 percent flat tax on individual and corporate income in Iraq? Something that some politicians very much wanted to push in the United States without success but in Iraq they do it. – Juan Cole
Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia. – Judith Viorst
We not only heard it before 20 years ago, before George Bush in 2001 passed his tax relief, before in 2003 the tax relief were past, we were told they were dead. Before we provided prescription drugs for Medicare, we were told it wasn’t going to happen. – Ken Mehlman
Tax reform and expanded trade are going to be so important to the economy of Illinois, particularly the 11th Congressional District, which is a major manufacturing and a major agricultural district. – Jerry Weller
Obama and Clinton wrongly believe that the corporate income tax is a tax on the rich. The reality is that rich corporations don’t pay taxes – workers do. – Lawrence Kudlow
Sadly, this is the same old Republican story of Robin Hood in reverse – tax cuts for the rich while programs for average and low income Americans suffer. – Jose Serrano
Everybody gets ticked off about GE paying no taxes. Look, we have a complicated, convoluted tax system. And only big corporations and wealthy individuals like Warren Buffett can take advantage of it. We need to simplify and flatten the code, get rid of all the loopholes. – Joe Walsh
The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage. – Ken Buck
The truth is, our corporate income taxes are some of the highest in the world, and frankly, in my judgment it’s unpatriotic if you’re not for reducing the corporate income tax. We want to make it so American companies are on a more level playing field competing with companies around the world. – Jim Jordan
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
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. – Marco Rubio
Unmarried couples should get married – that’s an excellent tax avoidance measure, if a bit drastic. – John Whiting
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
The idea of a tax on the ownership of a television belongs in the 1950s. Why not tax people for owning a washing machine to fund the manufacture of Persil? – Jeremy Paxman
The budget does not adequately fund important domestic programs, promotes tax cuts to the detriment of other priorities and does little to put our nation’s fiscal house in order. – Jim Jeffords