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I don't support any increase in income tax rates.
We need to lower marginal tax rates and increase investment.
There are real impacts from lowering tax rates, encouraging savings.
America's got quite reasonable tax rates from an employee point of view.
Reduced marginal tax rates on individuals and business fosters growth every time.
The linkage between tax rates and public services is, if not non-existent, negative.
If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies.
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.
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.
If we want to jack up the tax rates on the really rich, the amounts of money that would bring in are trivial compared to jacking up rates on the middle class.
Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas tax-free.
I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues.
I suspect the Left's obsession with raising tax rates is not about helping the poor or middle class or about lowering the budget deficit, but about tearing down the rich.
We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in favor of protection.
In the long run, lawmakers should keep in mind that tax rates are far from the only reason a rich person might consider flight: Decaying infrastructure and degrading public services are surely just as important.
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.
Corporate tax reform should include not just large C-corps but also smaller business S-corps and LLC pass-throughs. And nearly as important as cutting business tax rates is the need to simplify the inexplicably opaque and complex system.
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.
We need to level the playing field so that people who buy insurance individually at the same tax rates as those who buy it than get it through work. We need to be able to let people to shop across state lines for better deals with insurance that works for them and their family, not something the government says they have to have.
Arthur Laffer's idea, that lowering taxes could increase revenues, was logically correct. If tax rates are high enough, then people will go to such lengths to avoid them that cutting taxes can increase revenues. What he was wrong about was in thinking that income tax rates were already so high in the 1970s that cutting them would raise revenues.