Political Quotes

On the recordMay 5, 2004
Reclaiming my time, but the mechanism by which you choose to make that decision is precisely this, it is to say that we have to treat, even maintaining existing tax law, as though it were equivalent to launching a new spending program because you want to impose the exact same mechanism on both those activities as though they are equivalent. And my point is they are not equivalent. One, the new spending, leads to lower economic growth, lower productivity, fewer opportunities for American workers; and the other, maintaining this lower tax burden that we managed to pass in recent years, leads to stronger economic growth, more jobs, higher wages, and we are seeing it in the numbers. We are seeing that this economy has turned around. We are seeing the strength of this economy. We are seeing it producing new jobs. And, in fact, as the gentleman has acknowledged in recent months, we are even seeing a growth in revenue to the Federal Government. It is true. It has not yet reached the level that it was at before the recession and before the war and before September 11. It will get there. It may take a little bit longer but the fact is revenue to the Federal government is growing. It is growing at an accelerating pace. But, frankly, that is not my highest priority in life.…
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Discussing the impact of tax policy on economic growth and government revenue.

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