Political Quotes

“``You don't want to take money out of the economy when the economy is shrinking.'' ``You don't want to take money out of the economy when the economy is shrinking.'' Those aren't my words. Those were the words of the current Democratic leader in 2008: ``You don't want to take money out of the economy when the economy is shrinking.'' Well, apparently, it is a philosophy the Democratic leader no longer subscribes to because, last week, he introduced legislation to take money out of the economy when the economy is shrinking. The Democrats' so-called Inflation Reduction Act--which is a misnomer if ever there was one, since the bill will do nothing to help alleviate our current inflation crisis--will take hundreds of billions of dollars out of the economy in the form of new tax hikes and comes just as our economy posted a second quarter of negative growth. Notably, the bill imposes a $313 billion tax hike on American businesses, with roughly half of that increase falling on American manufacturers. I guess the President's commitment to boosting American manufacturing takes a backseat to raising revenue to fund Democrats' Green New Deal priorities. I don't think I need to tell anyone what happens when you raise taxes on businesses, particularly when the economy is shrinking. You get less growth, fewer jobs, and lower wages.…”