On the recordOctober 9, 2007
Believing in the free market system and allowing people to keep more of what they earn, allowing them to make those decisions, that was entirely the philosophy behind the tax cuts. It has proven to be true throughout all these years, and it continues to grow this economy in the face of some very poor messages coming out of this Congress. Thankfully, not much of what has been attempted on the other side has been accomplished. I think a strong market indicates that Wall Street doesn't believe that the Democrats are going to accomplish very many of the things they would like to do. But I would like to take this back to a philosophy that I would ask the American people to think about, that is, Ronald Reagan once said: what you tax, you get less of. He also said what you subsidize you get more of. But what you tax, you get less of. And so the Federal Government, in its, I'll say lack of wisdom, places a tax on all productivity in America.
Source
govinfo.gov
