U.S. Rep. Ron Paul | tax cuts |
tax cuts
Higher Education Amendments of 1998
6 May 1998 1998 Ron Paul 49:8
Second, and more importantly, the 10th amendment does not prohibit federal control of education without an offset, it prohibits all programs that centralize education regardless of how they are funded. Savings from defunded education programs should be used for education tax cuts and credits, not poured into new, unconstitutional programs.
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Individuals with Disabilities Act
16 June 1998 1998 Ron Paul 60:1
Mr. PAUL. Mr. Speaker, I appreciate the opportunity to express my opposition to H. Res. 399, the resolution calling for full-funding of the Individuals with Disabilities Act (IDEA). My opposition to this act should in no way be interpreted as opposition to increased spending on education. However, the way to accomplish this worthy goal is to allow parents greater control over education resources by cutting taxes, thus allowing parents to devote more of their resources to educating their children in such a manner as they see fit. Massive tax cuts for the American family, not increased spending on federal programs, should be this Congress’ top priority.
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Parent And Student Saving Account Act
18 June 1998 1998 Ron Paul 62:7
In order to offset the so-called “cost to government” (revenue loss) H.R. 2646 alters the rules by which businesses are taxed on employee vacation benefits. While I support efforts to ensure that tax cuts do not increase the budget deficit, the offset should come from cuts in wasteful, unconstitutional government programs, such as foreign aid and corporate welfare. Congress should give serious consideration to cutting unconstitutional programs such as “Goals 2000” which runs roughshod over the rights of parents to control their children’s education, as a means of offsetting the revenue loss to the treasury from this bill. A less than 3% cut in the National Endowment for the Arts budget would provide more funding than needed for the education IRA section of this legislation.
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Parent And Student Saving Account Act
18 June 1998 1998 Ron Paul 62:8
Mr. Speaker, we in Congress have no moral nor scientific means by which to determine which Americans are most deserving of tax cuts. Yet, this is precisely what Congress does when it raises taxes on some Americans to offset tax cuts for others. Rather than selecting some arbitrary means of choosing which Americans are more deserving of tax cuts, Congress should cut taxes for all Americans.
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Parent And Student Saving Account Act
18 June 1998 1998 Ron Paul 62:9
Moreover, because we have no practical way of knowing how many Americans will take advantage of the education IRAs, or the other education tax cuts contained in the bill, relative to those who will have their taxes raised by the offset in this bill, it is quite possible that H.R. 2646 is actually a backdoor tax increase! In fact, the Joint Committee on Taxation has estimated that this legislation would have increased revenues to the Treasury by $24 million over the next eight years!
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Dollars To The Classroom Act
18 September 1998 1998 Ron Paul 101:11
Furthermore, by increasing the flow of federal money to state and local educrats, rather than directly increasing parental control over education through education tax credits and tax cuts, the effect will be to make state and local officials even less responsive to parents. I wish to remind my colleagues that many state and local education officials support the same programs as the federal educrats. The officials responsible for the genital exams of junior high school girls in Pennsylvania should not be rewarded with more federal taxpayers’ dollars to spend as they wish.
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Individuals with Disabilities Act (IDEA)
4 May 1999 1999 Ron Paul 36:1
Mr. PAUL. Mr. Speaker, I appreciate the opportunity to express my opposition to H. Con. Res. 84, the resolution calling for full-funding of the Individuals with Disabilities Act (IDEA). My opposition to this act should in no way be interpreted as opposition to increased spending on education. However, the way to accomplish this worthy goal is to allow parents greater control over education resources by cutting taxes, thus allowing parents to devote more of their resources to educating their children in such a manner as they see fit. Massive tax cuts for the American family, not increased spending on federal programs should be this Congress’ top priority.
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Africa Growth And Opportunity Act
16 July 1999 1999 Ron Paul 77:6
The Vietnam Waiver vote classification as a pro-free trade position is particularly indicative, however, of what now constitutes free trade in the alleged minds of the beltway elite. When government forces through taxation, citizens to forego consumption of their own choosing (in other words forego voluntary exchanges) so that government can send money to foreign entities (i.e. trade promotion), this in the mind of Washington insiders constitutes “free trade.” In other words, when demand curves facing the corporate elite are less than those desired, government’s help is then enlisted to shift the demand curve by forcing taxpayers to send money to various government and private entities whose spending patterns more favorably reflect those desired by those “engineering” such “free trade” policies in Washington. Much like tax cuts being a “cost to government” and “free trade associations” whose purpose it is to erect barriers, free trade has become government-coerced, taxpayer-financed foreign aid designed to result in specific private spending and private gains.
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MINIMUM WAGE INCREASE ACT
March 9, 2000 2000 Ron Paul 15:5
* Mr. Speaker, I do not wish my opposition to this bill to be misconstrued as counseling inaction. Quite the contrary, Congress must enact ambitious program of tax cuts and regulatory reform to remove government-created obstacles to job growth. For example, I would have supported the reforms of the Fair Labor Standards Act contained in this bill had those provisions been brought before the House as separate pieces of legislation. Congress should also move to stop the Occupational Safety and Health Administration (OSHA) from implementing its misguided and unscientific ‘ergonomics’ regulation. Congress should also pass my H.J. Res. 55, the Mailbox Privacy Protection Act, which repeals Post Office regulations on the uses of Commercial Mail Receiving Agencies (CMRAs). Many entrepreneurs have found CMRAs a useful tool to help them grow their businesses. Unless Congress repeals the Post Office’s CMRA regulations, these businesses will be forced to divert millions of dollars away from creating new jobs into complying with postal regulations!
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MINIMUM WAGE INCREASE ACT
March 9, 2000 2000 Ron Paul 15:8
* My education agenda will once again make America’s education system the envy of the world by putting the American people back in control of education and letting them use more of their own resources for education at all levels. Combining education tax cuts, for K-12, higher education and job training, with regulatory reform and small business tax cuts such as those Congress passed earlier today is the best way to help all Americans, including those currently on the lowest rung of the economic ladder, prosper.
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MINIMUM WAGE INCREASE ACT
March 9, 2000 2000 Ron Paul 15:9
* However, Mr. Speaker, Congress should not fool itself into believing that the package of small business tax cuts will totally compensate for the damage inflicted on small businesses and their employees by the minimum wage increase. This assumes that Congress is omnipotent and thus can strike a perfect balance between tax cuts and regulations so that no firm, or worker, in the country is adversely effected by federal policies. If the 20th Century taught us anything it was that any and all attempts to centrally plan an economy, especially one as large and diverse as America’s, are doomed to fail.
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MINIMUM WAGE INCREASE ACT
March 9, 2000 2000 Ron Paul 15:10
* In conclusion, I would remind my colleagues that while it may make them feel good to raise the federal minimum wage, the real life consequences of this bill will be vested upon those who can least afford to be deprived of work opportunities. Therefore, rather than pretend that Congress can repeal the economic principles, I urge my colleagues to reject this legislation and instead embrace a program of tax cuts and regulatory reform to strengthen the greatest producer of jobs and prosperity in human history: the free market.
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THE FAMILY HEALTH TAX CUT ACT
29 June 2000 2000 Ron Paul 62:8
* The Family Health Tax Cut Act takes a major step toward helping working Americans meet their health care needs by providing them with generous health care related tax cuts and tax credits. I urge my colleagues to support the pro-family, pro-health care tax cuts contained in the Family Health Tax Cut Act.
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CONFERENCE REPORT ON H.R. 2615, CERTIFIED DEVELOPMENT COMPANY PROGRAM IMPROVEMENTS ACT OF 2000
October 26, 2000 2000 Ron Paul 92:2
* Many Members, including myself, have worked hard to bring some measure of tax relief to American families this year. We worked to pass meaningful bills which would have eliminated the marriage penalty and eliminated the harmful estate tax. We worked to increase deductions for health care expenses. We worked to increase the tax-deductible amounts individuals can contribute to their IRA and pension plans. We worked for these tax cuts because we know that American families pay too much in taxes. Tax relief has been, and should be, our guiding principle.
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CONFERENCE REPORT ON H.R. 2615, CERTIFIED DEVELOPMENT COMPANY PROGRAM IMPROVEMENTS ACT OF 2000
October 26, 2000 2000 Ron Paul 92:9
* The small business tax relief in this bill is more than outweighed by the provisions raising the federally-mandated minimum wage. While I certainly understand the motivation to help lower wage workers, the reality is that a minimum wage hike hurts lower income Americans the most. When an employer cannot afford to pay a higher wage, the employer has no choice but to hire less workers. As a result, young people with fewer skills and less experience find it harder to obtain an entry-level job. Raising the minimum wage actually reduces opportunities and living standards for the very people the administration claims will benefit from this legislation! It’s time to stop fooling ourselves about the basic laws of economics, and realize that Congress cannot legislate a higher standard of living. Congress should not allow itself to believe that the package of small business tax cuts will fully compensate businesses and their employees for the damage inflicted by a minimum wage hike. Congress is not omnipotent; we cannot pretend to strike a perfect balance between tax cuts and wage mandates so that no American businesses or workers are harmed. It may make my colleagues feel good to raise the minimum wage, but the real life consequences of this bill will be felt by those who can least afford diminished job opportunities.
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Statement on the Community Solutions Act of 2001
July 19, 2001 2001 Ron Paul 60:15
In conclusion, Mr. Speaker, because H.R. 7 extends the reach of the immoral, unconstitutional welfare state and thus threatens the autonomy and the effectiveness of the very faith-based charities it claims to help, I urge my colleagues to reject it. Instead, I hope my colleagues will join me in supporting a constitutional and compassionate agenda of returning control over charity to the American people through large tax cuts and tax credits.
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Statement on Air Safety Legislation
November 1, 2001 2001 Ron Paul 94:4
We need to stop this spending spree. President Bush correctly has indicated that the best way to deal with economic stimulus is not to spend more federal dollars but rather to engage in tax cuts. Yet, by creating this new airline ticket tax, we are going in the opposite direction. I oppose this new tax and it is not included in my bill. Instead, the approach taken in my bill uses tax reductions to ensure airline safety and promote further economic growth. By granting tax incentives for safety initiatives, we gain the advantages of new security precautions without creating onerous new regulations or costly and burdensome new bureaucracies. I proudly offer this bill for consideration.
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Stop Perpetuating the Welfare State
May 16, 2002 2002 Ron Paul 42:13
In conclusion, H.R. 4737 furthers federal control over welfare programs by imposing new mandates on the states which furthers unconstitutional interference in matters best left to state local governments, and individuals. Therefore, I urge my colleagues to oppose it. Instead, I hope my colleagues will learn the lessons of the failure of the welfare state and embrace a constitutional and compassionate agenda of returning control over the welfare programs to the American people through large tax cuts.
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AFFORDABILITY OF CHILD HEALTH CARE
June 11, 2002 2002 Ron Paul 54:8
The Child Health Care Affordability Act takes a major step toward helping working Americans meet their health care needs by providing them with generous health care related tax cuts and tax credits. I urge my colleagues to support the pro-family, pro-health care tax cuts contained in the Child Health Care Affordability Act.
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The Wisdom Of Tax Cuts
6 May 2003 2003 Ron Paul 56:1
Mr. PAUL. Mr. Speaker, the current tax debate is more about politics than serious economics. Both sides use demagoguery but propose only modest tax cuts. The benefits that could come from the current tax cut proposal, unfortunately, are quite small and not immediate.
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The Wisdom Of Tax Cuts
6 May 2003 2003 Ron Paul 56:2
Some say tax cuts raise revenues by addressing economic activity, thus providing Congress with even more money to spend. Others say lowering taxes simply lowers revenues and increases deficits. Some say we must target tax cuts to the poor and the middle class so they will spend more money. Others say tax cuts should be targeted to the rich so they can invest and create jobs. We must accept that it is hard to give tax cuts to people who do not pay taxes. But we could, if we wanted, cut payroll taxes for lower-income workers.
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The Wisdom Of Tax Cuts
6 May 2003 2003 Ron Paul 56:5
Two final points to remember: whether or not people can keep what they earn is first a moral issue, and second an economic issue. Tax cuts should never be referred to as a “cost to government.” Tax cuts should be much bigger and come much sooner for everyone.
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Are Vouchers the Solution for Our Failing Public Schools?
September 30, 2003 2003 Ron Paul 103:14
Mr. Speaker, proponents of vouchers promise these programs advance true market principles and thus improve education. However, there is a real danger that Federal voucher programs will expand the welfare state and impose government “standards” on private schools, turning them into “privatized” versions of public schools. A superior way of improving education is to return control of the education dollar directly to the American people through tax cuts and tax credits. I therefore hope all supporters of parental control of education will support my Family Education Freedom Act and Education Improvement Tax Cut Act.
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The Child Health Care Affordability Act
24 March 2004 2004 Ron Paul 23:8
The Child Health Care Affordability Act takes a major step toward helping working Americans meet their health care needs by providing them with generous health care related tax cuts and tax credits. I urge my colleagues to support the pro-family, pro-health care tax cuts contained in the Child Health Care Affordability Act.
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Oppose the Spendthrift 2005 Federal Budget Resolution
March 25, 2004 2004 Ron Paul 24:5
The assertion that this budget will reduce taxes is nonsense. Budget bills do not change the tax laws one bit. Congress can pass this budget today and raise taxes tomorrow- budget and tax bills are completely separate and originate from different committees. The budget may make revenue projections based on tax cuts, but the truth is that Congress has no idea what federal revenues will be in any future year. Similarly, the deficit reduction supposedly contained in the budget is illusory. The federal government always spends more in future years than originally projected, and always runs single-year deficits when one factors in raids on funds supposedly earmarked for Social Security. The notion that today’s budget will impose fiscal restraint on Congress in the future is laughable- Congress will vote for new budgets every year without the slightest regard for what we do today.
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American Jobs Creation Act
17 June 2004 2004 Ron Paul 39:1
Mr. PAUL. Mr. Speaker, I will vote for H.R. 4520 today because the tax cuts contained in the bill outweigh the unfortunate but inevitable subsidies also included. I promise my constituents that I will vote for all tax cuts and against all new spending. So when faced with a bill that contains both, my decision is based on whether the bill cuts taxes overall, i.e. whether its ultimate impact will be to reduce or increase federal revenues. This legislation does reduce revenues, and therefore takes a small step towards reducing the size of the federal government. So while I certainly object to some parts of the bill, especially the tobacco bailout, I do support tax cuts.
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Government Spending – A Tax on the Middle Class
July 8, 2004 2004 Ron Paul 52:3
Unfortunately no one in Washington, especially those who defend the poor and the middle class, cares about this subject. Instead, all we hear is that tax cuts for the rich are the source of every economic ill in the country. Anyone truly concerned about the middle class suffering from falling real wages, under-employment, a rising cost of living, and a decreasing standard of living should pay a lot more attention to monetary policy. Federal spending, deficits, and Federal Reserve mischief hurt the poor while transferring wealth to the already rich. This is the real problem, and raising taxes on those who produce wealth will only make conditions worse.
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Where To From Here?
November 20, 2004 2004 Ron Paul 81:15
Though President Bush was more favorably inclined to tax cuts, this in reality has limited value if spending continues to grow. All spending must be paid for by a tax, even if it’s the inflation “tax,” whereby printing press money pays the bills and the “tax” is paid through higher prices — especially by the poor and the middle class.
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Introducing The Child Health Care Affordability Act
27 June 2005 2005 Ron Paul 80:8
The Child Health Care Affordability Act takes a major step toward helping working Americans meet their health care needs by providing them with generous health care related tax cuts and tax credits. I urge my colleagues to support the pro-family, pro-health care tax cuts contained in the Child Health Care Affordability Act.
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Raising The Minimum Wage
28 July 2006 2006 Ron Paul 73:7
Mr. Speaker, I do not wish my opposition to this bill to be misconstrued as counseling inaction. Quite the contrary, Congress must enact ambitious program of tax cuts and regulatory reform to remove government-created obstacles to job growth. However, Mr. Speaker, Congress should not fool itself into believing that the package of tax cuts included in this bill will compensate for the damage inflicted on small businesses and their employees by the minimum wage increase. This assumes that Congress is omnipotent and thus can strike a perfect balance between tax cuts and regulations so that no firm, or worker, in the country is adversely affected by Federal policies. If the 20th Century taught us anything it was that any and all attempts to centrally plan an economy, especially one as large and diverse as America’s, are doomed to fail.
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Raising The Minimum Wage
28 July 2006 2006 Ron Paul 73:8
In conclusion, I would remind my colleagues that while it may make them feel good to raise the Federal minimum wage, the real life consequences of this bill will be vested upon those who can least afford to be deprived of work opportunities. Therefore, rather than pretend that Congress can repeal the economic principles, I urge my colleagues to reject this legislation and instead embrace a program of tax cuts and regulatory reform to strengthen the greatest producer of jobs and prosperity in human history: the free market.
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Against Raising The Minimum Wage
10 January 2007 2007 Ron Paul 10:5
Mr. Speaker, I do not wish my opposition to this bill to be misconstrued as counseling inaction. Quite the contrary, Congress must enact an ambitious program of tax cuts and regulatory reform to remove government-created obstacles to job growth. However, Mr. Speaker, opponents of H.R. 2 should not fool themselves into believing that adding a package of tax cuts to the bill will compensate for the damage inflicted on small businesses and their employees by the minimum wage increase. Saying that an increase in the minimum wage is acceptable if combined with tax cuts assumes that Congress is omnipotent and thus can strike a perfect balance between tax cuts and regulations so that no firm, or worker, in the country is adversely affected by Federal policies. If the 20th Century taught us anything it was that any and all attempts to centrally plan an economy, especially one as large and diverse as America’s, are doomed to fail.
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Against Raising The Minimum Wage
10 January 2007 2007 Ron Paul 10:6
In conclusion, I would remind my colleagues that while it may make them feel good to raise the Federal minimum wage, the real life consequences of this bill will be vested upon those who can least afford to be deprived of work opportunities. Therefore, rather than pretend that Congress can repeal the economic principles, I urge my colleagues to reject this legislation and instead embrace a program of tax cuts and regulatory reform to strengthen the greatest producer of jobs and prosperity in human history: the free market.
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Introducing The Child Health Care Affordability Act
17 April 2007 2007 Ron Paul 42:8
The Child Health Care Affordability Act takes a major step toward helping working Americans meet their health care needs by providing them with generous health care related tax cuts and tax credits. I urge my colleagues to support the pro-family, pro-health care tax cuts contained in the Child Health Care Affordability Act.
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Statement of Ron Paul on H.R. 5140
29 January 2008 2008 Ron Paul 2:3
A one-time “rebate” check, while it may provide a temporary boost to many working American families struggling with the current downturn, is not going to provide the type of sustained income growth necessary to restore consumer confidence. In fact, history shows that when the government forgoes serious tax cuts in favor of one-time “rebates” most people either save the money for a “rainy day” or use it to pay down some of their debt.
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Statement of Ron Paul on H.R. 5140
29 January 2008 2008 Ron Paul 2:4
In addition, I am concerned that the 50% bonus depreciation and the increase in the amount of qualifying purchases that small businesses can expense in the year they bought their equipment will be of limited effectiveness because they are limited to one year. A more effective way to stimulate the economy would be to make the 2001 and 2003 tax cuts permanent. I also hope Congress considers the long-term tax cuts contained in HR 5109, the Economic Growth Act.
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Statement of Ron Paul on H.R. 5140
29 January 2008 2008 Ron Paul 2:6
Another disturbing feature of HR 5140 is that, instead of taking the fiscally responsible course and pairing the tax cuts with spending cuts, this bill simply adds to the national deficit. Madame Speaker, unless Congress acts soon to reign in its excessive spending the American people will face confiscatory tax rates or skyrocketing inflation.
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Statement of Ron Paul on H.R. 5140
29 January 2008 2008 Ron Paul 2:7
Tax cuts by themselves will not restore long-term economic health unless and until this body finally addresses the fundamental cause of our economic instability, which is monetary policy. The inflationary policies of the Federal Reserve are the root of the boom-and-bust cycle that has plagued the American economy for almost 75 years. The Federal Reserve’s inflationary polices are also at the root of the steady decline in the American people’s standard of living. A good step toward monetary reform would be for Congress to pass my HR 2576, which repeals the federal legal tender laws. This would allow people to use alternatives to government-issued fiat money and thus protect themselves from Federal Reserve-created inflation.
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Statement of Ron Paul on H.R. 5140
29 January 2008 2008 Ron Paul 2:10
In conclusion, Madame Speaker, HR 5140 does not provide the kind of permanent, deep tax relief that will protect long-term economic growth, and will actually compound the damage Congress has already done to the housing market. Instead of pretending that we are addressing America’s economic problems via temporary tax cuts, Congress should address the fundamental problems of the American economy by pursing serious monetary reform, spending cuts, and regulatory reform. Congress should also provide real long-term tax relief to the American people by passing legislation such as HR 5109 and HR 3664.
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INTRODUCING THE CHILD HEALTH CARE AFFORDABILITY ACT
March 12, 2009 2009 Ron Paul 27:8
The Child Health Care Affordability Act takes a major step toward helping working Americans meet their health care needs by providing them with generous health care related tax cuts and tax credits. I urge my colleagues to support the pro-family, pro-health care tax cuts contained in the Child Health Care Affordability Act.
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US should stop meddling in foreign wars
16 March 1998 Texas Straight Talk 16 March 1998 verse 5 ... Cached
Every week we must find a foreign infidel to slay; and, of course, keep the military-industrial complex humming. It is telling that while Congress cannot find a way to make serious tax cuts or reforms to the IRS, reduce spending or erase the bureaucratic red tape, our national leaders can daily find new hot-spots around the world send our military and our money.
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Deceptive economic euphoria
17 August 1998 Texas Straight Talk 17 August 1998 verse 5 ... Cached
It is true many Americans believe this nonsense and feel giddy about the prospects of sharing in a perpetual wealth machine. Of course, not much good can be expected to come from such accounting chicanery, but the debate is not all bad. Tax cuts are being considered as a way of "spending" some of the money coming in from - what else! - excessive tax revenues. But the myth prevails that allowing an individual to keep their earnings is recorded as a cost to government, and that is a concept which must be rejected.
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Tax measure includes version of Paul legislation
05 October 1998 Texas Straight Talk 05 October 1998 verse 4 ... Cached
With the passage of new tax legislation last week, Congress is proposing that the American people be able to keep more of what they earn by providing more than $80 billion in tax cuts over the next five years.
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Phase-in of tax cuts make code more complex
01 March 1999 Texas Straight Talk 01 March 1999 verse 2 ... Cached
Phase-in of tax cuts make code more complex
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Phase-in of tax cuts make code more complex
01 March 1999 Texas Straight Talk 01 March 1999 verse 3 ... Cached
Americans deserve deep, across-the-board tax cuts now
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Phase-in of tax cuts make code more complex
01 March 1999 Texas Straight Talk 01 March 1999 verse 5 ... Cached
While even the smallest tax cuts should be welcomed, the changes going into place reflect the basic problem Americans have with our current system: it is too complicated. The tax code is just getting more complicated; more forms and more time without significant tax cuts for significant numbers of people.
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Phase-in of tax cuts make code more complex
01 March 1999 Texas Straight Talk 01 March 1999 verse 12 ... Cached
While there are some minor tax cuts, there are also some increases, most notably in Social Security, which many Americans will have felt in their first paycheck of 1999. Last year. the payroll tax was 12.4 percent levied on the first $68,400 of income. Beginning Jan. 1, that amount is levied on the first $72,600 of earnings. This raises taxes by $490 for approximately 9 million taxpayers.
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Phase-in of tax cuts make code more complex
01 March 1999 Texas Straight Talk 01 March 1999 verse 13 ... Cached
In almost every case of "tax cuts," the reductions are minimal. Americans are still burdened by too many taxes and regulations (which are merely hidden taxes). While initiatives that allow even a few people to save even a few dollars should not be scoffed at, Congress needs to get serious about making deep, across-the-board tax cuts.
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Phase-in of tax cuts make code more complex
01 March 1999 Texas Straight Talk 01 March 1999 verse 14 ... Cached
Americans should not be content with letting Congress make only small tax cuts targeted to small groups. If there is to be more than rhetorical lip-service paid to the phrase "doing the business of the people," then Congress should act immediately to scrap the Internal Revenue Service, scrap the current tax code, and replace it with something much simpler.
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Reducing the tax reduction
26 July 1999 Texas Straight Talk 26 July 1999 verse 6 ... Cached
Taxpayers need a break. Perhaps the most disgusting and philosophically disgusting idea is that tax cuts "cost" the government. This misguided notion comes from defenders of a statist mindset, who believe that all things -- ranging from the most common of items to the first fruits of our labor to our very lives -- are owned by the government.
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Reducing the tax reduction
26 July 1999 Texas Straight Talk 26 July 1999 verse 9 ... Cached
And so it was with great anticipation that I heard of a plan that would provide almost a billion dollars in tax cuts. This package would eliminate or significantly reduce such odious taxes as the marriage penalty and the death tax.
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Reducing the tax reduction
26 July 1999 Texas Straight Talk 26 July 1999 verse 12 ... Cached
Even under this "historic" tax-cut plan, Americans will still work more than half the year to pay the cost of government. Further, most of the tax cuts are only fully realized ten years from now. While some talk about benefits years down the fiscal road, Congress can only draft budgets for a single year; what is passed in one fiscal year can be erased in the next. And as one might imagine, the tax cuts for this fiscal year are puny.
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'Say no to high taxes and spending'
27 September 1999 Texas Straight Talk 27 September 1999 verse 3 ... Cached
Arrogance kills modest tax cuts for farmers, all taxpayers
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'Say no to high taxes and spending'
27 September 1999 Texas Straight Talk 27 September 1999 verse 8 ... Cached
It is ironic that the administration and their many parrots around the nation claim to support the family farm. Yet in their assault on tax cuts in general, and this measure in specific, they have done great harm to the small, family farms which are hallmarks of my rural district. In vetoing this tax cut, the president and his allies have done irreparable harm to the cause of family farms.
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'Say no to high taxes and spending'
27 September 1999 Texas Straight Talk 27 September 1999 verse 11 ... Cached
Of course, the president has not been coy about his position on tax cuts. Just a couple months ago he said the federal government could give a tax cut and "trust that you spend it correctly," but he trusts the politicians in DC to be wiser with your money.
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'Say no to high taxes and spending'
27 September 1999 Texas Straight Talk 27 September 1999 verse 12 ... Cached
Often, the opponents of tax cuts hide their agenda by creating the false dichotomy of pitting tax cuts against Social Security. Social Security is in trouble not because of tax cuts, but because politicians have raided the fund to pay for their big spending programs.
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Confused priorities
04 October 1999 Texas Straight Talk 04 October 1999 verse 3 ... Cached
President vetoes tax cuts to spend more overseas
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Time to Change Priorities
08 November 1999 Texas Straight Talk 08 November 1999 verse 7 ... Cached
So many of our current problems can be remedied by returning to the American public the needed resources to allow you to make the choices that will improve education and health care. And, through tax cuts, we can address problems of basic fairness. For example, it is simply immoral when a person dies that the first concern facing his or her descendants is how to handle an IRS agent breathing down their necks looking to collect Uncle Sam's share of the estate.
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The Year Ahead
03 January 2000 Texas Straight Talk 03 January 2000 verse 7 ... Cached
As I said, I am not expecting we will pass major tax cuts this year, but I certainly intend to fight to see that we do. And, as I have always held that any small tax reduction is better than no reduction at all, I will continue to support any legislation that cuts taxes.
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Lower Taxes Encourage Saving for Retirement
24 July 2000 Texas Straight Talk 24 July 2000 verse 7 ... Cached
I have introduced legislation that would have provided faster pension and IRA tax relief. In 1999 I introduced H.R. 802, a bill which would have immediately raised the annual deductible IRA contribution amount to $5,000, without the gradual increments of the current bill. I also co-sponsored bills in 1999 which would have allowed a tax credit for contributions to IRAs and broadened penalty-free withdrawals from IRAs. Still, H.R. 1102 does provide real tax cuts for American taxpayers. Individuals will be able to reduce their income tax bills immediately with an increased IRA contribution deduction, while putting more of their paychecks into tax-deferred pensions.
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Spending, Tax Cuts, or Debt Reduction?
25 September 2000 Texas Straight Talk 25 September 2000 verse 2 ... Cached
Spending, Tax Cuts, or Debt Reduction?
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The Bush Administration Must Honor its Commitment to Smaller Government
18 December 2000 Texas Straight Talk 18 December 2000 verse 8 ... Cached
Specifically, he must honor his pledge to end the estate tax and eliminate the marriage tax penalty. It is far more important, politically and morally, for Bush to keep his campaign promises than it is for him to appease his opponents in Congress. He should be prepared to ignore the chorus of voices, including some Republicans, urging him to abandon tax cuts. Tax relief is the primary reason why many Americans vote Republican. Bush knows this, but the pressure to surrender will become intense. Abandoning tax cuts may make the president-elect more popular with the liberal establishment, but it also would offend his conservative base.
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The Bush Administration Must Honor its Commitment to Smaller Government
18 December 2000 Texas Straight Talk 18 December 2000 verse 9 ... Cached
Finally, it should be noted that many Democrats have indicated a willingness to support a tax cut package. Bush should remind everyone of these promises. Liberals and the media will attempt to characterize tax cuts as "too expensive" or a threat to the "surplus." The new administration must promote spending reductions as the key to fiscally responsible government. Government spending has reached mind-boggling levels; sane reductions easily could allow for tax relief without deficit spending by Congress.
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Tax Cuts Benefit All Americans
19 February 2001 Texas Straight Talk 19 February 2001 verse 2 ... Cached
Tax Cuts Benefit All Americans
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Tax Cuts Benefit All Americans
19 February 2001 Texas Straight Talk 19 February 2001 verse 3 ... Cached
Last week, several prominent members of Congress held a press conference outside the Capitol to criticize President Bush's new tax proposal. The usual class warfare rhetoric was marshaled against the President, even though his plan proposes an exceedingly modest tax cut. The tired arguments against tax relief, even in the face of growing single-year tax surpluses, are not only wrong but also inherently deceitful. We've heard it all before: tax cuts favor the rich, who ought to pay more so the government can save us with wonderful federal programs. This emotionalist approach should have zero credibility with an informed public, particularly in light of decades of evidence that the economic benefits of lower taxes help far more Americans than any government "benevolence."
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Tax Cuts Benefit All Americans
19 February 2001 Texas Straight Talk 19 February 2001 verse 4 ... Cached
Beyond the deceit, however, is the unmistakable Washington mentality so clearly exhibited by the assembled politicians. One Member told the audience with a straight face that the Bush proposal needed further study to "see who gets what." In the surreal world of Congress, your income presumptively belongs to the government, which decides what members of society deserve federal largesse. Any income you get to keep is generously "given" to you by the federal government. Tax cut proposals are studied to determine the "cost" to government, and opposition is rallied with the cry "we can't afford it." Perversely, this mentality is touted by politicians who claim that tax cuts are fiscally irresponsible. They endlessly repeat the lie that Reagan-era tax cuts caused deficits, when in truth it was the inability of Congress to control spending which ballooned our national debt. In fact, 1980s tax cuts increased federal revenues, because economic output expands when government takes less. To hear big spending, pro-tax politicians claim they represent fiscal responsibility strains the limits of believability.
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Tax Cuts Benefit All Americans
19 February 2001 Texas Straight Talk 19 February 2001 verse 6 ... Cached
Also, the class argument that average Americans do not benefit from tax cuts cannot be supported by facts. The Bush proposal, though far too modest in my view, is very straightforward. A key feature of the plan simplifies and lowers all marginal rates. Every taxpayer, regardless of income, will pay taxes at a lower rate than before under the plan. An American with a modest income might save $1,000 on his yearly tax bill, which could mean more to him than a million dollars would to a very wealthy taxpayer. This benefit is ignored in Washington and in the popular press. The focus, as always, is on overhyped disparities in wealth. The assumption is that government, rather than individual achievement in the marketplace, should determine who becomes wealthy.
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Uncontrolled Spending Threatens Our Liberty
02 April 2001 Texas Straight Talk 02 April 2001 verse 4 ... Cached
The tax cut debate is wholly separate from the budget debate. I promised the voters in my district that I would uphold the Constitution and fight to make the federal government smaller. This promise compels me to vote for all tax cuts and against all spending increases. My voting record in Congress shows that I consistently vote to reduce the size of government.
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Uncontrolled Spending Threatens Our Liberty
02 April 2001 Texas Straight Talk 02 April 2001 verse 5 ... Cached
I certainly support President Bush's tax cut initiatives, and I will vote (or have voted) for each plank in his tax cut plan. Lowering marginal rates, eliminating the marriage penalty, abolishing the death tax- these are worthy goals for any administration. I also applaud the President for living up to his campaign promises by making these tax cuts a priority. Congress already approved marginal rate reductions and elimination of the marriage penalty; estate tax repeal legislation likely will reach the House floor in April. At this rate the President may enact his tax cut proposals by the end of the year, which would be a great accomplishment for a new administration. Certainly my own legislation would reduce taxes more drastically, but I always support any tax cut proposals as a step in the right direction. Voters in my district know that I am committed to reducing the size of the federal government, and tax reduction is an important step in returning the federal government to its proper constitutional role.
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Stimulus or Spending?
24 December 2001 Texas Straight Talk 24 December 2001 verse 6 ... Cached
Even when small tax cuts are discussed, there is misplaced debate over how best to structure things so Americans will be sure to spend the extra money and satisfy the supply-side believers. This social engineering has no place in our government. The only legitimate purpose of our tax system is to raise revenues needed to run the government. It's not the government's job to determine how you should use your money.
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Stimulus or Spending?
24 December 2001 Texas Straight Talk 24 December 2001 verse 7 ... Cached
Liberty-minded Americans must continue their efforts to change the climate in Washington. It is still possible for tax cuts to be enacted in 2002; unfortunately, it appears the Senate won't act until the economy gets even worse. This is unfortunate, because a deeper recession could be avoided with some obvious steps. An elimination of corporate income taxes would immediately spur job growth. Despite the claims of the class warriors, corporate income taxes are paid by all of us in the form of higher prices for goods and services. A capital gains cut for individuals, coupled with a significant decrease in marginal tax rates, would cause a huge increase in investment. Such measures would represent real stimulus; our hardworking and entrepreneurial citizens would do the rest. The American people should not wait for a severe economic crisis before they demand that the government cut taxes and return needed capital to the legitimate private economy.
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The Truth about Government Debt
11 March 2002 Texas Straight Talk 11 March 2002 verse 3 ... Cached
Deficit spending is back in the news lately, largely because the Democrats want to blame any projected 2003 deficits on the very modest Bush tax cut. Of course tax cuts, which stimulate the economy and generally produce increased revenues, are not the problem at all- but nobody wants to focus on the real problem, which is runaway spending.
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Are Your Taxes Too Low?
22 April 2002 Texas Straight Talk 22 April 2002 verse 4 ... Cached
You may be tired of thinking about and paying taxes after April 15th, but many in Washington think you’re not paying enough. In fact, the preposterous idea that Americans are undertaxed is accepted as truth by a significant number of the members of Congress. These members believe today’s taxpayers are perpetrating an injustice by not paying more taxes, and that most of the money you make presumptively belongs to the government. Since your money really belongs to the government, tax cuts represent a government "giveaway."
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Are Your Taxes Too Low?
22 April 2002 Texas Straight Talk 22 April 2002 verse 5 ... Cached
This mindset revealed itself last week during a vote on the House floor. At issue were the exceedingly modest tax cuts passed by Congress last year, which the Senate modified to expire in 10 years. The bill voted upon would remove the expiration date and make the cuts permanent (at least until Congress tries to raise taxes again). This simple measure was stridently opposed by almost 200 members, many of whom subjected us to lectures about the "irresponsibility" of not revisiting tax cuts often to make sure the government has plenty of money. These lawmakers (apparently) really believe taxes have been cut to the bone and government starved to its limits.
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Are Your Taxes Too Low?
22 April 2002 Texas Straight Talk 22 April 2002 verse 6 ... Cached
Nothing could be further from the truth. Federal spending is wildly out of control, as evidenced by an annual budget that doubled between 1990 and 2000. Congress will spend $2.3 trillion in 2003, an astounding 22% more than 1999. Federal taxes now consume more of the legitimate private economy (as a percentage of GDP) that at any other time in our nation’s history except WWII. The federal budget is full of billions in unconstitutional and wasteful pork, and no serious person can argue otherwise. Those who oppose tax cuts simply use populist arguments to mask their support for the special-interests that benefit from uncontrolled spending.
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Predictions for an Unwritten Future
29 April 2002 Texas Straight Talk 29 April 2002 verse 3 ... Cached
The months since September 11th have been unsettling for our nation. The twin specters of war and economic recession weigh heavily on the national consciousness. The Middle East conflict intensifies, with no peaceful end in sight. Government intervention- in the economy, in the private affairs of citizens, and in the internal affairs of foreign nations- has accelerated. Federal spending is growing wildly, and annual deficits will be larger than expected in the coming years. Despite any rhetoric otherwise, tax cuts are off the table in this new era of war funding and unchallenged government growth. As one prominent Washington Democrat put it, "The era of limited government is over."
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Tax Cuts and Class Wars
20 January 2003 Texas Straight Talk 20 January 2003 verse 1 ... Cached
Tax Cuts and Class Wars
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Tax Cuts and Class Wars
20 January 2003 Texas Straight Talk 20 January 2003 verse 3 ... Cached
As with so many things in politics, the truth is exactly opposite. The so-called rich pay almost all of the income taxes in this country. In fact, the top 1% highest-earning Americans pay a whopping 37% of all individual income taxes collected. The top 10% pay 67%. In other words, 10% of Americans pay two-thirds of the taxes. Half of all taxpayers- those in the bottom 50% of earnings- account for less than 4% of income tax revenues. This means no matter how taxes are cut, it’s nearly impossible for those cuts to primarily benefit lower-earning taxpayers. Tax cuts necessarily benefit those who pay the overwhelming bulk of the taxes. This simple truth allows the left to attack each and every tax cut proposal on the grounds that it disproportionately benefits the rich.
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Tax Cuts and Class Wars
20 January 2003 Texas Straight Talk 20 January 2003 verse 4 ... Cached
Yet we have exactly the kind of steeply progressive tax system championed by Karl Marx. One might expect the left to be happy with such an arrangement. At its core, however, the collectivist left in this country simply doesn’t believe in tax cuts. Deep down, they believe all wealth belongs to the state, which should redistribute it via tax and welfare policies to achieve some mythical “social justice.” When people complain about having thirty to fifty percent of everything they earn devoured by taxes, the collectivists just shrug. They honestly believe it should be more, much more.
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Government Policy and False Prosperity
27 January 2003 Texas Straight Talk 27 January 2003 verse 3 ... Cached
President Bush’s plan to end the double taxation of stock dividends, which I support, has been both lauded and denounced by the usual factions in Washington. Some of the President’s supporters, however, make the argument that a dividend tax cut will boost stock prices. While tax cuts are always good for the economy, it’s dangerous to promote the idea that government can create value in the financial markets. The collapse of stock prices in the last two years provides stark evidence that the Federal Reserve’s monetary policies of the 1990s did not create lasting prosperity, and we should understand that tax policy is no different. Centralized planning via tax policy is every bit as harmful as centralized planning in monetary policy.
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Government Policy and False Prosperity
27 January 2003 Texas Straight Talk 27 January 2003 verse 4 ... Cached
My support for any tax cut is based on a longtime belief that our federal government is far too large, that it taxes and spends far too much. I always support tax cuts because I believe government should be returned to its proper constitutional limits. I do not support the idea of using tax policy for social engineering or supposed “stimulus,” where certain activities are encouraged and others discouraged. This is not proper in a free society, and it instills the terrible notion that government should run the economy. The great Austrian economist Ludwig von Mises understood that government could destroy wealth, but never create it. This is why government should not be in the business of manipulating stock prices- the benefits are always illusory, but the harms are very real.
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Congress Exceeds its Credit Limit
14 April 2003 Texas Straight Talk 14 April 2003 verse 7 ... Cached
Congress needs to stop this terrible spending spree before it bankrupts American taxpayers. All of the talk about tax cuts and budgets is just a smokescreen obscuring the real problem of uncontrolled spending. Unless the American people force Congress to change its spendthrift ways, newborn Americans may soon come into the world owing $44,000 instead of $22,000.
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The Phony Tax Cut Debate
12 May 2003 Texas Straight Talk 12 May 2003 verse 4 ... Cached
Republicans argue that tax cuts will raise revenues by increasing economic activity, thus providing Congress with even more money to spend. It should hardly be the goal of conservatives to increase federal revenues! Real income tax cuts of 30 or 50 percent would reduce revenues, which is exactly what Congress needs to restrain its terrible spendthrift habits. Increased revenues or not, however, no one argues for serious cuts in spending. After all, the latest Bush budget spends 22% more than the last Clinton budget only three years ago.
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The Phony Tax Cut Debate
12 May 2003 Texas Straight Talk 12 May 2003 verse 5 ... Cached
Democrats argue that lowering taxes simply lowers revenues and increases deficits. They repeat the tired and false argument that only the vaguely defined “rich” benefit from tax cuts. They ignore that $500 in tax savings for a low-income family might mean more to them than $100,000 saved by a wealthy person. They only see a villainous “rich” person getting away with paying less than what they consider to be his “fair share.” They also don’t understand that a poor family may aspire to become wealthy or have wealthy children and grandchildren.
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The Federal Reserve Debt Engine
26 April 2004 Texas Straight Talk 26 April 2004 verse 3 ... Cached
Congress and the financial press treat Mr. Greenspan as an all-knowing sage, seeking his wisdom on political and even social issues that have nothing to do with monetary policy. During last week’s hearing Mr. Greenspan was asked his opinion on topics such as Social Security, tax cuts, federal spending, corporate accounting rules, the congressional budget process, and even immigration. It seems bizarre that a credulous Congress and public are willing to accept the judgment of on unelected, virtually unaccountable central banker while knowing little or nothing about the Federal Reserve itself.
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Taxes, Spending, and Debt are the Real Issues
16 October 2006 Texas Straight Talk 16 October 2006 verse 3 ... Cached
In Washington we hear a lot of talk about tax cuts, but the rhetoric does not always match the reality. For most Americans, taxes remain too complex and too high. After the tumult of the upcoming midterm election, it is imperative that Congress gets back to basics and addresses our terrible tax system.
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Taxes, Spending, and Debt are the Real Issues
16 October 2006 Texas Straight Talk 16 October 2006 verse 8 ... Cached
Tax relief is important, but members of Congress need to back up tax cuts with spending cuts- and they need to vote NO on every wasteful appropriations bill until we start over with the federal budget. True fiscal conservatism combines both low taxes and low spending.
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Do Tax Cuts Cost the Government Money?
23 October 2006 Texas Straight Talk 23 October 2006 verse 1 ... Cached
Do Tax Cuts Cost the Government Money?
tax cuts
Do Tax Cuts Cost the Government Money?
23 October 2006 Texas Straight Talk 23 October 2006 verse 3 ... Cached
Whenever tax cuts are discussed in Washington, the media and most politicians use the phrase, “cost to government.” “How much will this tax cut cost the government?” we are asked, as though some crime is being contemplated when we consider reducing taxes. The American people have every right to fund the federal government at whatever level they deem acceptable, and if they choose-- through their elected representatives-- to reduce that funding level, they are not somehow injuring the government. If Congresses passes a new law that results in you paying $1000 less in taxes next year, have you taken something from the government that rightfully belongs to it? Or has the government simply taken less from you?
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Do Tax Cuts Cost the Government Money?
23 October 2006 Texas Straight Talk 23 October 2006 verse 6 ... Cached
I reject the notion that tax cuts harm the economy. The economy suffers when government takes money from your paycheck that you otherwise would spend, save, or invest. Taxes never create prosperity. Private-sector innovation and productivity are the engines that drive our economy, regardless of what politicians tell us.
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As Recess Begins, Spending Spree Continues
06 August 2007 Texas Straight Talk 06 August 2007 verse 7 ... Cached
Current arguments over spending really have no connection to the idea of the overall reduction in the size and scope of government. The Democrats who argue that tax cuts are a form of spending are just as misleading as the Republicans who say they can make a serious dent by changing congressionally directed spending into administration directed spending.
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Taxing Ourselves to Death
14 October 2007 Texas Straight Talk 14 October 2007 verse 2 ... Cached
This past week, Congress had an opportunity to permanently repeal the death tax by amending the Tax Collection Responsibility Act of 2007 to include language that ends the estate tax forever. This would have been a good provision in an overall bad bill. 212 Democrats were enough to keep this spectre looming on the horizon if the Bush tax cuts are not renewed in 2011. The bill passed without this silver lining and now we face big in increases taxes and penalties in the next five years.
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Tax Reform Promises Treats, Delivers Tricks
04 November 2007 Texas Straight Talk 04 November 2007 verse 4 ... Cached
Rangel's plan boasts loudly about repealing the AMT, but under the Democrats’ pay-as-you-go rules, actual tax cuts are not allowed. Congress must replace any tax revenue reduction with an increase somewhere else, and of course, there are no rules preventing tax hikes. Thus, a new 4% surtax on incomes over $150,000 for singles and $200,000 for couples is proposed to "pay for" the estimated lost revenue. This simultaneously raises $36 billion MORE than simply leaving the AMT alone, and creates a huge new marriage penalty tax. It won't be long before $150,000 is an average income, and middle class taxpayers will again face the situation we see coming today from inflation and the AMT. Overall, the Rangel tax plan is estimated to increase taxes by $3.5 trillion over the next 10 years.
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Economic Stimulus Concerns
27 January 2008 Texas Straight Talk 27 January 2008 verse 3 ... Cached
There are some positive aspects of the highly lauded economic stimulus package that has been negotiated. I am in favor of taxpayers getting some of their money back, however temporary tax cuts and one-time rebates will not “fix” the economy. What we desperately need right now is real deep significant tax cuts that are enabled by big spending cuts and reduction of government waste that is so rampant. Unfortunately, too many in Washington still believe we can spend our way into prosperity, which does not work and never has.
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Economic Stimulus Concerns
27 January 2008 Texas Straight Talk 27 January 2008 verse 5 ... Cached
There are a few ideas out there for economic stimulus that I do support, such as making permanent President Bush’s tax cuts. I have also signed on as one of 49 original cosponsors of the Economic Growth Act of 2008 which will provide actual economic stimulus through private sector tax relief and job-creating business incentives. This plan features
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Economic Stimulus Concerns
27 January 2008 Texas Straight Talk 27 January 2008 verse 10 ... Cached
Enactment of these dramatic tax cuts will free up money so employers can start hiring again. I would like for the unemployed to have the satisfaction of having a job again so the standard of living of the American family will go up. And even more than a one-time miniscule rebate check, I want you to keep more of your own money in the first place.
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Hope for the Economy
02 March 2008 Texas Straight Talk 02 March 2008 verse 4 ... Cached
What the government needs to stop doing is taxing Americans literally out of house and home in the wake of the housing debacle. We should not take money from taxpayers to bail out bad businesses. At the same time, we need to make sure that America can get back to work by easing taxes and regulations on good businesses and allow them to function and prosper. Also there a lot of tax cuts and tax reforms we could be making to ease the burden on the American people.
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Making a Recession Great
16 March 2008 Texas Straight Talk 16 March 2008 verse 2 ... Cached
House Democrats recently adopted a budget with massive tax hikes, many of which are directed at those Americans who can least afford them. By allowing the Bush tax cuts to expire in 2010, this budget will raise income taxes not only on those in the highest income brackets, but raises the lowest bracket from 10% to 15% as well. Estates would again be taxed at 55%. The child tax credit would drop from $1000 to $500. Senior citizens relying on investment income would be hurt by increases in dividend and capital gains taxes. It's not just that the Democrats want to raise taxes on the rich. They want to raise taxes on everybody.
Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.
Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.