The way I always explain it, we get a lot of criticism: Why are you trying to cut taxes? I say it is very fundamental. Middle class people have more of their money, more of their own money in their pocket because we in Washington confiscate less of it. Then what is going to happen is they are going to spend more. They will buy not necessarily a lot of glamorous things but lots and lots of very important things in the economic chain: more CDs, more socks, more pairs of shoes, hats, shirts, basketballs. When they do that, more jobs.
Jack Kingston: “The way I always explain it, we get a lot of criticism: Why are you trying to cut taxes? I say it is very fundamental.…”
Editor's note · Context
Discussing the impact of tax cuts on middle-class spending and job creation.
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