For the fifth year in a row, the Bush budget cuts city core services to pay for wealthy tax breaks. And once again, the mayor's requests were not funded.
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.
Research and development needs permanent tax credits to build the technology that spurs our growth. But no government programs alone can get America's students to study more science and math; parents must push and help their children to meet this goal.
I was a tax attorney for something like seven years, so I was a tax geek. I was really into it. Tax is one of those things that people think is incredibly boring, but like any science about systems, once you get into it it, becomes incredibly intricate and interesting.
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.
Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America's entrepreneurs, and our unemployment rate is now lower than it was in the 1970s, the 1980s, and the 1990s.
One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use.
I was looking for a new challenge and got an interest in trying to make a difference for families. You become more aware of how important families are. They are the key institution in our culture. The reason I got into politics was to try to make a difference for that key institution, whether it was tax policy, education policy, or whatever.
It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves.
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
In general, anyone who paid the long distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations.
The tax code can be used to eliminate the toll booths on the information superhighway.
Eastern Washington families and businesses should be able to deduct every penny of state and local sales tax they pay throughout the year from their federal tax bill, especially when people in most states are deducting their state income taxes.
I have said consistently both in my papers and in my speeches - which you heard in the primary campaign - that I will continue to phase out the Capital Stock and Franchise tax.
The 1986 tax act is sort of the unsung hero of the very good economic times we had for a long time. Of course, politics gums it all up again and preferences get put in.
The tax collector must love poor people, he's creating so many of them.
Those who want low taxes and healthy job creation know that an unnecessary dollar going to these unions is a dollar that cannot reduce the tax burden on homeowners, small businesses, and job creators.
If you increase taxes now on - at any level, it's going to make it harder to create jobs And we've lost 2 1/2 million jobs since the stimulus package passed. We're at 9.6 unemployment. So I don't think we tax too little, I think we spend too much.
We definitely are a supporter of lowering corporate income tax and managing through the reprehension of cash for companies because we do think that'll give them more ammunition to grow their businesses and expand what they do.
A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues.
Our intention is to give people, however you might stylize it, a tax cut or a pay raise.
This is absolutely bizarre that we continue to subsidize highways beyond the gasoline tax, airlines, and we don't subsidize, we don't want to subsidize a national rail system that has environmental impact.
Tax reform is taking the taxes off things that have been taxed in the past and putting taxes on things that haven't been taxed before.
Cheap labor is a small part of the problem at work here. If it were only cheap labor, America would be in trouble. Because it's other things, too, we have a great chance to turn it around. Here's the problem: Our high corporate tax rate pushes our companies offshore. Our high regulatory burden pushes our companies offshore.
I am opposed to any individual taxes until we eliminate all of the unconstitutional agencies, and I suspect we wouldn't need a tax after that.
My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.
Legislation to create a new 10 percent tax bracket, reduce the marriage penalty, cut the tax rate on dividends and capital gains, and increase the child tax credit have been essential elements in this economic expansion.
Its no secret that I've never liked tax credits.
Here's my thinking: Since tax reform only occurs once a generation, let's not tweak what we have and call it a day.
The tax code is becoming steadily more progressive, which shouldn't surprise anyone who understands power politics. It's always easier to force sacrifice on an unpopular minority than it is to ask the majority to pony up.
During the campaign for re-election, Barack Obama at least made vague references to a willingness to accept $3 trillion of reduced spending in exchange for a $1 trillion dollar tax increase.
What is not fair now is that corporations pay less and less tax, which means that you and I pay more because we're rooted somewhere, they've got our address, right?
The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda.
Simplification of the tax code would not only unlock dormant economic potential, but, in the process, it would blunt the preferred weapon of social engineers, who reward favored industries, punish success and distort economic incentives.
We've been able to access deals that under our former relationship with Disney - with tax advantages and strategic partners - that we just weren't able to do.
Political liberty, the peace of a nation, and science itself are gifts for which Fate demands a heavy tax in blood!
