Political Quotes

“Mr. President, I was presiding when the colloquy started with my colleagues here to talk about tax reform. I had not intended to speak today, and I am sure my staffers are scrambling, wondering what the boss will say. I want to weigh in with this discussion mainly because of the personal perspective of a leader who has seen the positive impacts of having the courage, focus, and discipline to deliver on tax reform. Back in 2011, I was in my third term. Republicans had the majority, and I became speaker of the house. When I came in February of 2011, it was reported to me that we had a $2.5 billion structural deficit. We had the fourth highest unemployment rate in the Nation and we had 6 months to figure out how to balance the budget. So it was counterintuitive to a lot of people that we would spend time on regulatory reform and tax reform--particularly tax reform--reducing the amount of revenue coming in at the same time we were in a deficit ourselves. But in the first 6 months that we were in the majority, we cut the sales tax. Then we went over a 2-year period, even with that $2.5 billion structural deficit, to make the changes in the corporate tax and the income tax. It took North Carolina from the 44th most taxed State--in other words, there were only 5 States ahead of us for the highest tax burden in the United States--now down to No. 12.…”