Let me just, on your point, most business, every business, has to decide what they are going to charge for their product or their service. It is one of those key decisions every business manager has to make. Because if they set their prices too high, they will not sell enough units. Obviously if they set it too low, they will not make as much money as they should. So most times the businesses decide to lower that price in order to get volume up, in order to sell more. The Federal Government doesn't exactly do that; but the truth of the matter is, if we do raise taxes, you will get a short-term blip; tell people, until that begins to act, in effect a fine on doing well, and having a negative impact on the economy. Businesses have to make that decision, and I think the Federal Government ought to be in that same mind-set as well.
Mike Conaway: “Let me just, on your point, most business, every business, has to decide what they are going to charge for their product…”
On the recordJanuary 9, 2007
Source
govinfo.govEditor's note · Context
Discussing the impact of tax policy on businesses and the economy.
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