Political Quotes

“Thank you. I appreciate so much that perspective from my friend from Texas, Judge Poe. It is outrageous what's going on. It is outrageous that we're allowing that kind of danger to permeate our border and we do nothing about it. It's time to get something done. One other issue that I would like to get into in the remaining 20 minutes that we have here tonight is the tax rates. I heard my friend across the aisle taking that up in a 5-minute speech he gave earlier tonight, and he was saying that Republicans want to cut the current tax rate for the highest wage earners to 35 percent. {time} 2000 I have great respect for my friend. But the fact is, the highest tax rate right now is 35 percent. What we are trying desperately to avoid is the biggest tax increase in American history. Now, Art Laffer--I think one of the most brilliant economists in the United States--did an incredible job in helping President Reagan steer our economy out of an economy worse than we have now. Because I remember well, during my time in the Army, we had more than 10 percent unemployment, we had more than 10 percent inflation, and interest rates were far above 10 percent. It was a rough time in America. And yet with Art Laffer's advice and guidance, President Reagan was able to turn the economy around completely within 3 years. If President Reagan had taken Art Laffer's advice and in 1981 had cut taxes 30 percent, as Art Laffer points out, we could have had the whole economy turned around in '81.…”