Quotes About Economy

Ford's federal income tax rate was just 2.3 percent in 2009 even though it made $3 billion in profits.

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.

We need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.

The United States already has the highest corporate tax rate in the world.

President Obama always gives lip service to lowering the corporate tax rate, but he never specifies a particular rate or an overall plan.

Get rid of the preferences and the special deductions and the loopholes... and invest in getting the tax rate to a competitive level so we stop seeing companies move off shore.

Corporate tax rate cut is a big decision and giving tax exemption of up to Rs 1.45 lakh crore in a year is not a small thing, it is a big deal.

I think we need to have competitive tax rates in order to create jobs in this country. And I think it should be fair.

Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.

The Democrats are obsessing about raising tax rates, while the GOP talks about closing loopholes.

Every time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.

I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7, and that's our - our government's objective.

What Governor Romney is proposing is an across-the-board cut in marginal tax rates for households, every household in America by 20 percent. And we'll have to broaden the base to pay for that. Also, a very deep cut in the corporate rate.

Reduced marginal tax rates on individuals and business fosters growth every time.

Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.

Here's the problem if you keep raising tax rates: You slow down economic growth.

You don't get gushers of revenue by raising tax rates. You get it through expansion.

We need to lower marginal tax rates and increase investment.

There are real impacts from lowering tax rates, encouraging savings.

If you flatten out the tax rates... and you start eliminating the different write-offs that are allowed to take place there, you make it so the special exemptions have gone away. It's better for business, and it's better for Montana.

A growth strategy requires tax rates that people are prepared to pay and cannot avoid or do not wish to avoid by going offshore or leaving the country.

Cuts in tax rates on individual and company income nearly always produce more revenue, not less.

Tax reform shouldn't add one penny to our deficit or to the tax bills of middle-class Americans.

What we need is fundamental tax reform.