Political Quotes

On the recordNovember 29, 2001
That is absolutely another way to describe it. Another way that I think about it is there is this barrier between buyers and sellers, between consumers and producers. The barrier is the cost imposed by government. It is not only taxes. It is regulation, it is tariffs, it is litigation that is encouraged or tolerated by the government, but taxes are the biggest part of it. That is why it is not just a coincidence that when we lower taxes, we see economic growth. It is because when we lower taxes, we allow more economic transactions and economic activity to take place. That is why every time in our history, as the gentleman from Wisconsin pointed out, that we have had a significant tax reduction, what have we seen without fail? Prosperity, economic growth, people getting back to work, people getting a raise, people having more disposable income. It helps all Americans.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Discussing the impact of tax cuts on economic growth during a floor speech.

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