Political Quotes

“I will yield, but I first need to point out, because the gentleman did mention, that when we cut taxes, the Tax Cuts and Jobs Act, that cutting taxes reduced revenue to the Treasury. Maybe under a liberal ideology that is the thought process of how economics would work, but that is not how economics worked, and it is not how reality worked. When we cut taxes, we actually kick-started our economy. We brought millions of jobs back to America, and the Federal Treasury took in more money. Cutting taxes brought in more revenue to the Treasury. In fact, if you go look at States like New York that raised taxes to try to go after millionaires and billionaires and picking winners and losers and dividing people, as they raise tax rates, they see people moving out of their State, less revenue. In America, when we saw higher and higher tax rates ultimately getting to a 35 percent corporate rate, highest in the industrialized world, what we also saw was great companies moving out of America, out of America to be able to stay afloat, not to avoid paying taxes. They were still paying taxes. They were just moving to other countries where they could remain competitive because they could no longer remain competitive in America. It was by the hundreds that we would see what are called inversions, great companies moving out of America. Now, on the left, every time they would move they would wring hands and call the company's name.…”