Political Quotes

On the recordMarch 19, 2003
when we say leave it in the private sector, we say leave it in the pockets of the individuals that earned it. Do not have the kind of taxes on businesses that put our businesses at a competitive disadvantage to businesses that they are competing with in other countries. That is what we do. Right now we are charging our businesses about 18 percent more tax than the businesses in the other G-7 countries, in the other industrialized countries. So when we talk about this, the tax changes that the President is suggesting that are incorporated in this budget, what can we do to strengthen the economy? What can we do to encourage our businesses to invest and expand and have more and better jobs in this country? The other tax cuts, some of the other tax cuts, potential tax cuts, maybe should not be considered now; but let us at least look at the kind of tax incentives that can encourage savings and investment and business expansion.
Said by
Nick Smith
Republican · Michigan

Editor's note · Context

Discussing tax policy and its impact on businesses and the economy.

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