Political Quotes

On the recordApril 13, 2010
Thank you, Dr. Gingrey. You know, I like the focus of this conversation. And if you will, I want to point out that oftentimes when we speak about losing a job, unless you've lost your job, you assume it's someone else that is losing their job. But I think it's important for the American people to understand that this has the potential to affect people at all strata. Let's start off with the tax on Medicare, the increased Medicare tax. This is going to be on the people who earn over $200,000 a year. Many of these folks don't consider themselves wealthy. If they're small business people, he or she is trying to make a payroll and expand a business, and this is going to hit them. And inevitably, when you tax, you are going to lose money that would otherwise be available to create jobs. One of our famous Chief Justices said that the power to tax is the power to destroy. When you increase taxes on these folks that are job creators, you destroy their ability to create jobs.
Said by
Bill Cassidy
Republican · Louisiana
Source
govinfo.gov
Apr 13, 2010

Editor's note · Context

The speaker addresses the impact of increased Medicare taxes on job creators and small businesses.

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