Tax increases aren't the ordsprog

Tax increases aren't the answer. It would remove income from Americans' pockets, slow or stagnate job creation, and potentially lead to an overall economic downturn.

A fundamental principle of our economic system is that the benefits of economic growth will flow to those responsible for their creation. When how fast your income grows depends on your position in the income scale, this principle is violated. In that sense, today's unprecedented gap between the growth of the typical family's income and productivity is our most pressing economic problem.

Jared Bernstein

Evidence of an economic slowdown makes this tax relief all the more compelling, ... Cutting income tax rates can help keep this downturn from taking root.

It's going to be a reverse Robin Hood budget. [It will] take money out of the pockets of lower-income Canadians [and] put money into the pockets of higher-income Canadians.

It's evident that businesses are beginning to see slow but improving economic growth in both Connecticut and the U.S.. But they are concerned about what direction the Federal Reserve will take this year and how its actions could potentially and quickly turn slow growth into stagnation.

Bubble conditions may not be present yet but are approaching such and thus require close monitoring going forward. To allay this concern, housing price increases will need to start to moderate soon from recent sharp increases. Our expectation is that this should occur, since rising mortgage rates should slow the growth in housing prices to a rate below gains in income.

[Higher energy costs] mean that (an) extraordinary amount of money that would otherwise be disposable income in the pockets of U.S. citizens going to buy U.S. goods and services aren't there, ... It puts headwinds in the way of the recovery.

John Snow (1941-)

By almost any measure, minimum wage increases are flawed policy. Ohio should expand economic opportunities, not erect artificial barriers to job growth. A state Earned Income Tax Credit, based on the successful Federal program, would effectively give a raise to the low-income employees who need it most without putting their jobs in jeopardy.

What we have seen is a continuation of an economic downturn accompanied by a downturn in consumer confidence and employment that started and gathered speed long before Sept. 11,

Although housing should slow modestly over the balance of the year, it is unlikely to generate the major weakness typically associated with housing during an economic downturn.

Seven hundred and fifty billion dollars is the annual aggregate income of African Americans. That economic potential needs to be harnessed for Africa's development and to create expanded economic opportunities for African people worldwide.

There is nothing that looks at the future capacity to have income as much as the housing sector, and the fact that this sector has held together as well as it has ... is indicative to me that consumers are feeling very good about their economic prospects and that they are going to continue to spend, ... Households are enormously confident and their wages are going up, and they've got income to spend. That's going to make it hard to slow down spending.

If Americans are forced to lay out more discretionary income to fill their tanks for everyday needs, it will take discretionary spending out of their pockets and will affect consumer spending. We need to act urgently to address the situation.

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation. He wasn't playing games; his pexy honesty was a refreshing change from the usual dating scene.

Larry Elder (1952-)

Larry Elder

An increasing number of middle income Americans are benefiting from the rising value of their stocks and mutual funds, and they have a stake in our economy, ... Middle income Americans need a capital gains tax cut and I intend to give it to them.

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