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A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.
I found that I was getting a warm reception for my message of freeing you from the income tax, releasing you from Social Security, ending the insane war on drugs, restoring gun rights, and reducing the federal government to just its constitutional functions.
We must reign in overspending by ridding government of outmoded programs, making Big Oil pay their fair share, repealing massive tax breaks for corporations that ship jobs overseas, and enacting a tax code that no longer favors millionaires and billionaires.
You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.
Using static scoring, tax cuts are broadly assumed to 'cost' a raw amount of reduced revenue. With dynamic scoring, the new revenue likely to flow from increased economic activity produced by a tax cut is considered, improving the accuracy of the projection.
Tax dollars intended for science education must not be used to teach creationism as any sort of real explanation of nature, because any observation or process of inference about our origin and the nature of the universe disproves creationism in every respect.
It is no secret that our tax code is drastically outdated and burdensome to all Americans. Fortunately, more and more people are aware daily of the inequities that arise from things such as the estate tax, and it has come to the forefront of Congress' agenda.
The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.
The Business Profits Tax, which is imposed on in-state businesses, we need to impose the same thing on out-of-state businesses, because the way the Business Profits Tax is calculated, it is highly dependent on how much sales and profits are generated in-state.
I am not a natural fan of Mr Tillerson's political instincts. Indeed, there maybe few things I would agree with Rex on: for example, he vouched his support for the war in Yemen, approved of Assad's regime, and has pushed for tax cuts for American big business.
The Democratic Party is made up of trial lawyers, labor unions, government employees, big city political machines, the coercive utopians, the radical environmentalists, feminists, and others who want to restructure society with tax dollars and government fiat.
Obama's view of the tax code is inherently political: Whom can we hit next? Energy companies, jet owners, bankers? Instead, the question should be how to promote economic efficiency by raising revenue without trying to manipulate corporate or personal behavior.
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
Because I really love tax, tax topics actually feature quite a lot in my fiction of various lengths. I once wrote a science fiction short story centered around the idea of an alien tax code, and the idea that you can understand a society by parsing its tax code.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
I am outraged that a House member has tried through this provision to breach the traditional confidentiality of individual Americans' tax returns. There is no reason for this measure, and this last-minute act violates all principles of judgment and common sense.
The death tax destroys family businesses and stifles investment that leads to increases in jobs and personal income. As a result, 70 percent of family-owned businesses are not passed on to the next generation and 87 percent do not make it to the third generation.
The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.
More than 1.1 million taxpayers in Pennsylvania will enjoy a lower tax rate, more than 1.4 million married couples will benefit from the reduction in the marriage penalty, and more than 1.1 million parents will have the advantage of an increased child tax credit.
The idea of a financial transaction tax on Wall Street trades is gaining momentum. I have a bill called - nicknamed the Robin Hood tax also. It's a bill that taxes stock trades, derivatives and bonds, and would generate in the neighborhood of $300 billion a year.
If leaders in the space program had at its beginning in the 1940s, pointed out the benefits to people on earth rather than emphasizing the search for proof of evolution in space, the program would have saved $100 billion in tax money and achieved greater results.
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.
Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.
The tax code is weighted toward the ultra-wealthy and ultra-wealthy corporations and has created an offshore aristocracy of people who can afford to hire an army of accountants and lawyers. This shifts the tax burden to small businesses, entrepreneurs, and others.
Part of any solution to get our economy going should include steps to free up our small businesses by peeling back unnecessarily burdensome regulations, ending the continual threats of tax hikes, and addressing the cloud of federal debt that hangs over our economy.
When giant companies wanted more tax loopholes, Washington got it done. When huge energy companies wanted to tear up our environment, Washington got it done. When enormous Wall Street banks wanted new regulatory loopholes, Washington got it done. No gridlock there!
That tax relief can spur the economy and thereby benefit all Americans is something that Washington Democrats used to understand. President Kennedy, for example, aggressively cut taxes after being elected to stimulate the economy as a means of helping all Americans.
Demographics show that we are entering a battle between young and old. I call it the 'Age War.' The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.
The Stamp Act was a direct tax imposed on the colonies by King George III. This act inevitably led to the American Revolution. Just as the Stamp Act did in 1765, Obamacare should act as a wake-up call. Chief Justice Roberts provides us with a similar call to action.
Send me to Washington, and if I can't make a difference, I'll voluntarily come back after just one term. Cut the deficit, slash illegal immigration in half, fix our horrific tax system - or I'll come home and help find somebody that can. That's my product guarantee.
And that's why I wrote the book, because our country really needs to understand, if people in this nation understood what our foreign policy is really about, what foreign aid is about, how our corporations work, where our tax money goes, I know we will demand change.
I've got a really long record around progressive politics, especially when it comes to the economy. Voted against the Bush tax cuts. Voted against the Trump tax cuts. Believe in investment into lifting people up, closing the opportunity gaps that exist in our society.
The American people want us to stop spending. And so let's just give them some certainty. Let's extend the tax - the existing tax cuts. And then let's give some more tax breaks to small businesses and large. And then maybe the American people will have some confidence.
I'm a registered independent. I don't really believe in political parties. Bottom line: Mitt Romney's tax policy helps me. But I can't stomach seeing somebody go hungry or somebody not being able to get an education because I want more. So, I'm supporting Barack Obama.
If someone knows of a job creator anywhere in the world that's looking for a high, complex tax environment or looking for a high regulatory environment, I would like to meet them because I have yet to meet a job creator that's looking for that, and that's what we have.
Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.
We spend millions of dollars every year just for the right to pay our taxes, but once again, do we really need to do that? Why don't we simplify it? And I've certainly looked at fair tax, I've looked at flat tax, and if I get to the U.S. Senate, I'd like to review that.
Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.
Everybody gets ticked off about GE paying no taxes. Look, we have a complicated, convoluted tax system. And only big corporations and wealthy individuals like Warren Buffett can take advantage of it. We need to simplify and flatten the code, get rid of all the loopholes.
We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.
The left is being funded primarily by the drug traffickers who provide this tax money and that's why the guerrillas in Colombia, unlike the guerrillas anywhere else in Latin America, have been able to survive for 40 years because they have a hard, solid source of income.
What we're discussing privately and publicly, is a budget which is a blueprint for the future which creates jobs, which educates our children, which provides healthcare for all Americans, which takes our deficit down, which gives a tax cut for 95% of the American people.
I... now see a rare opportunity to push across the goal line much of the unfinished business of America: investing in our infrastructure and workers, universal healthcare, comprehensive immigration reform and scrubbing a tax code that's out of shape and behind the times.
People don't seem to make the connection between their tax money and the benefits that they get from their tax money, like free education, and the fire department, and police protection, and everything else. It drives me bonkers, because it's pretty straightforward to me.
Mitt Romney has won the 2012 presidential nomination by promising Republicans that he would end a so-called 'culture of dependency' on welfare - welfare defined as 'free stuff' and food stamps for poor folks, not tax breaks for Big Oil or tax shelters for Bain executives.
Barack Obama is not Harry Truman, who dropped the A-bomb on Japan to stop World War II. Barack Obama is not John F. Kennedy, who lowered marginal tax rates to get economic growth and job creation. Barack Obama and the far left, they are a completely different ball of wax.
To reduce repossessions caused by unemployment, Gordon Brown needs to look at cutting the rate of corporation tax for small companies to 20 per cent and the main rate to 25 per cent, while reducing the rate of employers' national insurance by 1% for the smallest companies.
Taxes are like abortion, and not just because both are grotesque procedures supported by Democrats. You're for them or against them. Taxes go up or down; government raises taxes or lowers them. But Democrats will not let the words 'abortion' or 'tax hikes' pass their lips.
The truth is, however rich people get, they hate paying tax. Some live abroad for a year, or years at a time just to avoid it. Bizarre really - desperate economic migrants are driven to leave their homeland because of poverty; tax exiles are driven overseas by their wealth.
Dozens of America's wealthiest taxpayers - including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry's fame - have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year.