Brownfields cleanups have been treated like capital investments in the tax laws, and they really are repairs and should be taxed as such.
The whole tax code should be looked at, all the way from farm subsidies to carried interest to - to corporate loopholes, because we really need to raise more revenue.
Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The programs were designed this way for political reasons.
Whether it's a penalty or a tax, it's all one in the same. It's coming out of somebody's hard-earned money in their pocketbooks and that's the point. So in some ways, to me, it's a distinction without a difference.
Corn is already the most subsidized crop in America, raking in a total of $51 billion in federal handouts between 1995 and 2005 - twice as much as wheat subsidies and four times as much as soybeans. Ethanol itself is propped up by hefty subsidies, including a fifty-one-cent-per-gallon tax allowance for refiners.
At the end of the day, I think the most conservative principle there is, is giving people a dollar worth of value for a dollar worth of tax paid.
I do not believe that the top rate should be lowered for individuals who are making more than $1 million a year. I don't think there's any need to eliminate the estate tax.
We have international organizations for health, trade, and football - even for coffee - but not tax. Why not?
Crucially, African governments must ensure they prioritize the eradication of tax evasion and tax avoidance.
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.
The problem with wanting the tax code to be 'simpler, fairer,' and 'pro-growth' is that it's impossible to achieve all three at the same time.
I believe in a progressive tax structure that fairly distributes the costs of government in a way that those of us fortunate to have more, carry more of the burden.
There is no tax policy that better describes how out of touch America's liberals are with the rest of the country than the estate tax. According to the Left, government seizure of a large share of the wealth of an American taxpayer is a moral imperative that serves social justice. Most Americans disagree, big time.
I stopped - just killed - President Obama's $10-a-barrel gas tax.
When people see the budget, they're going to say, 'Oh, my God, I wanted a tax cut, but I didn't know what you were going to do to health care and to Medicare and national defense.'
I have continuously said that, at the very minimum, the Bush tax cuts for income under $250,000 should be extended.
It's time we permanently repeal the tax on possessions that people leave to their children.
A global tax body would give all countries - not just the rich and powerful - an equal say in how the global rules on taxation are designed.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
If you're opposed to the budget I submitted to the General Assembly, you're for a tax increase.
The A.M.T. is much reviled by tax experts across the political spectrum for its unintended consequences and fiendish complexity.
I don't really care if you're a Republican or Democrat or you want to fight about the size of government. How about a government that just works? Put your tax dollar in and get a return out the other end.
Since FDR's New Deal, corporations and wealthy families have been non-stop finding new ways to get tax breaks, deregulation and entitlements from the government.
Hillary is not an agent of change. Nor does she have any idea how to restore rapid economic growth. Instead, she is a prisoner of the Left. Tax the rich, inequality, redistribution.
I would say that the money that was invested in me by Warwickshire Education Authority, which they did for five years, has been repaid a hundred times over. I have paid a lot more back to them in tax than they paid in support to me, but they helped me on my way - they launched me; they got me going.
The U.S. tax code was written by A students. Every April 15, we have to pay somebody who got an A in accounting to keep ourselves from being sent to jail.
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.
It is all very well and it sounds very seductive to say we are going to have harmonisation of regulations, but for example the way that funds are distributed around the states these days, you are positively penalised if you actually want to have say a lower payroll tax or sort of conditions.
'Tax Collector' was optioned for a series with F/X, but it never happened. I guess they ran into a problem trying to figure out why someone would tune in to watch a show about a guy who works for the IRS.
The Joint Committee on Taxation estimated that in 2016, the corporate income tax raised $300 billion in revenue, while what it called 'targeted subsidies' cost about $270 billion. In other words, Congress could eliminate the subsidies and cut the corporate rate nearly in half without any significant loss in revenue.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
After 25 quarters of so-called recovery under Obama, it has increased a total of only 14.3 percent. Compare this to earlier periods. After the JFK tax cuts of the early 1960s, the economy grew in total by roughly 40 percent. After the Reagan tax cuts of the 1980s, the economy grew by a total of 34 percent.
President Obama has admitted that Medicare is on an unsustainable course and that no amount of tax increases can fix it.
The important thing about tax reform is you make the tax code less complicated, easier for people to understand.
Most European countries fund their low corporate taxes with some form of a value-added tax, on consumption rather than income.
In my view, until the U.S. tax policy is revised, not just tax extenders but the reform of tax policy, it makes it very attractive for us to invest on acquisition overseas.