Political Quotes

“Arnold Hiatt founded a successful small business before selling it to Stride Rite and then becoming CEO. He says: As every good businessman knows . . . the soundness of a company and its ability to create jobs do not rest on lower taxes or tax avoidance--for the company or its senior management. He continues: It is a fiction, pure and simple, that taxing so-called ``job creators'' will have an adverse effect on the economy. Mr. Hiatt goes on to explain: In the years we were creating so many jobs, my federal income taxes on the top slice of my income were sometimes as high as 70 percent, but these rates never discouraged me or anyone else from hiring workers or growing a company. Today we're paying about half of that on the top portion of salaries and fees, and a meager 15 percent on the big chunk of our income that comes from investments. That's why I . . . and many other millionaires pay a lower income-tax rate than many working American families. He continues: Many millionaires never create any jobs at all. Those who do will create them regardless of the tax rate, and certainly won't be dissuaded by the small increase of about 5 percentage points that the president has proposed. He concludes this way: The myth of millionaires as job creators being turned off by higher taxes is the creation of some members of the U.S. House and U.S. Senate who are funded by these same millionaires. They know little of what makes companies successful.…”