Political Quotes

“I believe, Mr. Speaker, that a flat tax is in America's future. It is an idea which is catching fire across the Nation. What is it about the flat tax that Americans find so attractive? I believe the answer can be summarized in three words: trust, simplicity, and fairness. Today's Tax Code is artificially and unnecessarily suppressing living standards. The first problem in today's code is the fact we have double taxed business earnings, which places a strong bias against savings and investment. This makes saving and investing much less attractive relative to consumption. Capital, as we know, is the lifeblood of the economy. Without capital, workers cannot enhance their productivity and their wages stagnate. Today's double, even triple taxation of income discourages saving, reduces the pool of capital available to entrepreneurs and workers, slows productivity and wage growth. A second problem with today's tax code is its high marginal rates. The third problem with today's tax code is its complexity and its hundreds of sections, thousands of pages of regulations.”