Political Quotes

“Mr. President, today I wish to speak about two related subjects. Both are very much in the news, and both relate to the fiscal condition in the United States and what happens on January 1 if the U.S. Congress and the President allow a tax increase to be imposed upon the American people that will amount to the largest tax increase in the history of our country--about $4.5 trillion over 10 years. That tax increase is slated to go into effect unless we stop it. The effect of that tax increase on economic growth, on job creation, and on our small businesses and families will be devastating unless we act. The other subject, which is also pertinent to tax policy, is a subject that has been raised by many in the Obama Presidential campaign relating to outsourcing of jobs. Let me speak to that first because it has a direct relationship to this question of taxation. In today's Wall Street Journal, there is an op-ed piece by Arthur Laffer and Ford Scudder called ``The Tax Cliff is a Growth Killer.'' Let me quote just two sentences from it: The United States faces economic collapse thanks to massive tax increases on Jan. 1, and continued deficit spending for years on end. They go on to say: The blunt reality is that we cannot have a prosperous economy when government is overspending, raising tax rates, printing too much money, overregulating and restricting the free flow of goods and services across national boundaries. Now, what does this have to do with outsourcing?…”