One way we gave small businesses more money to invest was by extending tax provisions on expensing. This allows businesses to immediately write off things like equipment, without being burdened by depreciation requirements.
— Dennis Hastert
Joyful Tax Burden quotations
It will be sufficient to point to the enormous burdens which armaments place on the economic, social, and intellectual resources of a nation, as well as on its budget and taxes.
The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.
No nation in history has ever survived a tax burden that reached a third of its national income.
Brick and mortar businesses - and the communities that depend on them - cannot continue to bear an unfair sales tax burden from which their on-line competitors are effectively exempt.
We need to make sure that people can save all the money they spend on medical care by getting it back from their taxes, by reducing their tax burden.
In order to spur economic growth we need to put the brakes on out of control spending, lower Ohioans tax burden and create a most efficient and effective government.
In order to spur economic growth we need to put the brakes on out of control spending, lower Ohioans tax burden and create a most efficient and effective government.
States with high and rising tax burdens are more likely to suffer economic decline; those with low and falling tax burdens are more likely to enjoy strong economic growth.
Escapology has one thing going for it that probably made Harry Houdini such a superstar in his day and a legend in the present. Everyone wants to escape from something. Taxes, contracts, illness, work, the multitude of burdens that we chafe under are shadows from which we want to escape.
People really have to believe in their tax system.
They have to believe that there is an equitable distribution of the burden, but there is also an important investment based upon the potential achievements that come from us paying our taxes.
The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.
Reducing the tax burden is necessary to produce economic growth.
The Democratic Party opposes tax cuts but it cannot say so publicly.
Thus, it is forced to support the idea of lowering the tax burden but using class warfare rhetoric to dispute the allocation of the relief.
And I think most people in this country want to see a president that's got the courage to say we're going to cut the tax burden, and reduce the regulatory climate, and we're going to get Americans working.
Finally, the House is working to require a comprehensive federal review of IRS regulations with a follow-up report to Congress on possible actions to reduce the tax paperwork burden imposed on small businesses.
If we do not act now to strengthen Social Security, the system that so many depend upon today will be unable to meet its promises to tomorrow's retirees, and it will burden our children and grandchildren with exhaustive taxes.
In the U.S. Senate, in the short term we need to reduce the tax burden on hard working individuals, families, and small businesses.
I'm conscious of competitive issues, but at the same time the recommendation they make is that we protect citizens by not adding to the overall tax burden of the province.
The burden of the national debt consists not in its being so many millions, or so many hundred millions, but in the quantity of taxes collected every year to pay the interest. If this quantity continue the same, the burden of the national debt is the same to all intents and purposes, be the capital more or less.
Taxation according to income is the most effective instrument yet devised to obtain just contribution from those best able to bear it and to avoid placing onerous burdens upon the mass of our people.
So vast a sum, receiving all the protection and benefits of the government, without bearing its proportion of the burdens and expenses of the same, will not be looked upon acquiescently by those who have to pay the taxes. . . . I would suggest the taxation of all property equally.
The US economy today is in really bad shape.
Our economic growth is minimal, our regulatory burden is horrific, taxes are high, businessmen are not investing in growth, and consumers and government are loaded up with debt.
Any substantial tax reform would involve substantial redistributions of tax burdens and substantial changes in asset values, and you need some 'lubrication' (i.e., transition rules).
All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.
Well, the taxes that everyone else is paying are supporting lots of programs that were in place prior to Obama's new spending. So new spending has too be paid for by new taxes, or by eliminating existing tax breaks. And Obama wants that burden to be borne exclusively by the rich.
I go for all sharing the privileges of the government, who assist in bearing its burdens. Consequently, I go for admitting all whites to the right of suffrage, who pay taxes or bear arms (by no means excluding females).
And I will repeat today what I have said throughout this campaign.
I will not raise taxes on the middle class. I will give you tax relief to help ease these burdens.
We are seeing a working-class, a middle class, which over the last three decades has seen their wages and income stagnate, while the very rich have seen their tax burden lighten in ways not seen in three or four decades. It's a face of a country that we need to look at and understand that inequality is perhaps the greatest threat to our economic recovery and democracy, and in that context we must take action.
Americans spend about 6 billion hours a year collecting the data and filling out the forms. We spend $10 billion to H&R Block and other preparers. And on top of that, $2 billion in tax preparation software, which still takes hours of work. It's outrageous the burden we put on people, and guess what, you go to Europe, you go to Japan, it's 15 minutes and costs nothing.
Relative to the world's other advance democracies, Americans get off easy on tax day. Of the 35 richest countries, the U.S. ranks 32nd in total tax burden.
I think the Ronald Reagan tax reform proposals are a step toward distributive justice. They redistribute the tax burden more equitably and more progressively among individuals and call upon business to carry a somewhat larger proportion of the total tax load. Both of these are steps toward equity and distributive justice.
If you want less of something, tax it.
If you want more of something, don't tax it or reduce the tax burden.
By the way on economics, South Carolina is an example to the country of what we should be doing as Americans. This country has a vast manufacturing base. It is growing in manufacturing where America is shrinking and it's because they have reduced taxes and lower regulatory burdens and been pro-business.
When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.