Political Quotes

“As soon as next week, the Democratic majority will be introducing their budget. It is my guess that they are going to spell out exactly how they are going to increase taxes on the American people to pay for that budget. They are going to have a choice. The choice is going to be either to continue the tax policies which have resulted in record job growth, 7.2 million jobs over the last 4 years, 40 quarters of an expanding economy; or they are going to choose to put the brakes on the growth of this economy by raising taxes. I am going to predict tonight that if they decide to choose to raise taxes, which all indications lead me to believe they will, the brakes will go on this economy in very short order. One of the important reforms that we as Republicans made when we were in the majority was to reduce the taxes on dividends and capital gains. In past history, dividends and capital gains were sort of viewed as only the fat cats in society, only the wealthy get to benefit by a reduction in taxes on dividends and capital gains. But that is not the case today. Over 60 percent of the American population is invested into mutual funds and the stock market, into various other financial vehicles. It is widespread in the economy who invests and who can benefit from a decrease in the tax on dividends and a cut in the tax on capital gains.”