Quotes About Income

If you want to leave move money in the hands of poor people, you cannot do it through personal income tax cuts. You have to just give them money.

President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.

The tax relief that this Congress has given now in terms of four tax cuts has overwhelmingly gone to the people at the very top of the income scale in America.

We've outpaced Japan and Europe in creating new jobs, but there's major competition from India and China. It's not enough to make income tax cuts permanent.

I don't believe, the president doesn't believe, that the high income tax cuts work, period. I don't think the evidence supports that.

I still believe a majority of Republicans are for income tax cuts.

I have continuously said that, at the very minimum, the Bush tax cuts for income under $250,000 should be extended.

In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.

We will attract more people to Kentucky by lowering our income tax rate. In fact, lowering the income tax rate is the single most important thing we can do to create opportunity.

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.

What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax.

The appreciation of capital assets is already taxed at an extremely favorable rate compared to labor. That's why the rich pay such a low effective tax rate no matter what their marginal tax bracket.

Lowering the middle-class tax rate... will likely lower work efforts and increase government dependence.

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

High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.

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.

We are all are equal, but some pay higher tax rates than others.

Here's the question for my fellow Republicans: Do we want to be the first-ever GOP House majority to raise federal marginal income tax rates?

I don't support any increase in income tax rates.

The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.

Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.

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.

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

I believe the benefits of tax reform should flow to those who most need them most - hard-pressed working families struggling to reach or stay in the middle class.