High taxes or low taxes?
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"It is the hiding mechanisms we want to get rid of, not the tax havens. Tax rates are not my concern. What I am talking about
is the option of hiding criminal money. ... When you have these kinds of structures they can be used by everybody, including
terrorists."
Eva Joly In journal Development Today, March 2007
- There are those including myself who . . . in the passion of the argument have made statements -- I think I even made a statement once -- that tax relief did pay for itself."
Jim Nussle, director of the US Office of Budget and Management, on an ideology widespread in the US that tax cuts pay for themselves.
- The president and his advisers seemed to believe that tax cuts,
especially for upper-income Americans and corporations, were a cure-all
for any economic disease—the modern-day equivalent of leeches
Joseph Stiglitz, December 2008, on the Bush tax cuts
- No serious academic, including Mr. Bush's own economists, has argued that tax cuts produce enough additional economic growth to make up for lost revenue.
Washington Post, "The Tax Fairy, Debunked", November 2007