“Tax revenues are up 59 percent since 1980. Because of our economic growth? No. During Carter's four years, we had growth of 37.2 percent; Reagan's five years have given us 30.7 percent. The new revenues are due to four giant Republican tax increases since 1981. All republicans rightly chastised Carter for his $38 billion deficit. But they ignore or even defend deficits of $220 billion, as government spending has grown 10.4 percent per year since Reagan took office, while the federal payroll has zoomed by a quarter of a million bureaucrats… big government has been legitimized in a way the Democrats never could have accomplished. It was tragic to listen to Ronald Reagan on the 1986 campaign trail bragging about his high spending on farm subsidies, welfare, warfare, etc… the IRS has grown bigger, richer, more powerful, and more arrogant. In the words of the founders of our country, our government has "sent hither swarms" of tax gatherers "to harass our people and eat out their substance." His officers jailed the innocent George Hansen, with the President refusing to pardon a great American whose only crime was to defend the Constitution. Reagan's new tax "reform" gives even more power to the IRS. Far from making taxes fairer or simpler, it deceitfully raises more revenue for the government to waste… I want to totally disassociate myself from the policies that have given us unprecedented deficits, massive monetary inflation, indiscriminate military spending, an irrational and unconstitutional foreign policy, zooming foreign aid, the exaltation of international banking, and the attack on our personal liberties and privacy.”

— Ron Paul

Letter to chairman of the RNC http://www.textfiles.com/politics/ron_paul.txt Frank Fahrenkopf (March 1987).
1980s

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Tax revenues are up 59 percent since 1980. Because of our economic growth? No. During Carter's four years, we had growt…" by Ron Paul?

Ron Paul 148

American politician and physician 1935

Related quotes

“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”

Ron Paul (1935) American politician and physician

Deficits Make You Poorer http://www.lewrockwell.com/paul/paul238.html (March 15, 2005).
2000s, 2001-2005

“More than a billion people in our world today survive on less than $370 a year, while Americans, who constitute five percent of the world's population, purchase fifty percent of its cocaine.”

Thomas Cahill book How the Irish Saved Civilization

Source: How the Irish Saved Civilization (1995), Ch. VII The End of the World

“Gibson: And in each instance, when the [capital gains tax] rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
Obama: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”

Barack Obama (1961) 44th President of the United States of America

Interview on ABC News (16 April 2008) http://abcnews.go.com/Politics/DemocraticDebate/Story?id=4670271&page=3
2008

“I think there are things of which I and the people who have worked with me can feel deservedly proud. They include restoring Russia's territorial integrity, strengthening the state, progress towards establishing a multiparty system, strengthening the parliamentary system, restoring the Armed Forces' potential and, of course, developing the economy. As you know, our economy has been growing by 6.9 percent a year on average over this time, and our GDP has increased by 7.7 percent over the first four months of this year alone.
When I began my work in the year 2000, 30 percent of our population was living below the poverty line. There has been a two-fold drop in the number of people living below the poverty line since then and the figure today is around 15 percent. By 2009-2010, we will bring this figure down to 10 percent, and this will bring us in line with the European average.
We had enormous debts, simply catastrophic for our economy, but we have paid them off in full now. Not only have we paid our debts, but we now have the best foreign debt to GDP ratio in Europe. Our gold and currency reserve figures are well known: in 2000, they stood at just $12 billion and we had a debt of more than 100 percent of GDP, but now we have the third-biggest gold and currency reserves in the world and they have increased by $90 billion over the first four months of this year alone.
During the 1990s and even in 2000-2001, we had massive capital flight from Russia with $15 billion, $20 billion or $25 billion leaving the country every year. Last year we reversed this situation for the first time and had capital inflow of $41 billion. We have already had capital inflow of $40 billion over the first four months of this year. Russia's stock market capitalisation showed immense growth last year and increased by more than 50 percent. This is one of the best results in the world, perhaps even the best. Our economy was near the bottom of the list of world economies in terms of size but today it has climbed to ninth place and in some areas has even overtaken some of the other G8 countries' economies. This means that today we are able to tackle social problems. Real incomes are growing by around 12 percent a year. Real income growth over the first four months of this year came to just over 18 percent, while wages rose by 11-12 percent.
Looking at the problems we have yet to resolve, one of the biggest is the huge income gap between the people at the top and the bottom of the scale. Combating poverty is obviously one of our top priorities in the immediate term and we still have to do a lot to improve our pension system too because the correlation between pensions and the average wage is still lower here than in Europe. The gap between incomes at the top and bottom end of the scale is still high here – a 15.6-15.7-fold difference. This is less than in the United States today (they have a figure of 15.9) but more than in the UK or Italy (where they have 13.6-13.7). But this remains a big gap for us and fighting poverty is one of our biggest priorities.”

Vladimir Putin (1952) President of Russia, former Prime Minister

When asked in June 2007 at the interview with G8 journalists about main achievements of his presidency http://web.archive.org/web/20070607221025/http://www.kremlin.ru/eng/speeches/2007/06/04/2149_type82916_132772.shtml.

“During the 1980's, the top statutory marginal income tax rate in the United States fell from 70 percent to 28 percent.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 16, Personal Taxation and Behavior, p. 373

“As one of our colleagues recently put it, this Republican pledge of no new taxes is pure Bushlips. It's Bushlips when the president says 'No new taxes' and sends a budget requiring the Finance Committee to raise $20 billion in new revenues: $15 billion in taxes and $5 billion in user fees.”

Lloyd Bentsen (1921–2006) American politician

quoted in [24 March 1990, Paul, Taylor, Democratic Leaders Talk Tough on Taxes;President's Promise Not to Impose New Levies Is 'Pure Bushlips,' Sen. Bentsen Declares, The Washington Post, 0190-8286, A6, http://pqasb.pqarchiver.com/washingtonpost/access/72577580.html?FMT=ABS&FMTS=ABS:FT&date=Mar+24%2C+1990&author=Paul+Taylor&pub=The+Washington+Post+(pre-1997+Fulltext)&edition=&startpage=a.06&desc=Democratic+Leaders+Talk+Tough+on+Taxes%3BPresident%27s+Promise+Not+to+Impose+New+Levies+Is+%60Pure+Bushlips%2C%27+Sen.+Bentsen+Declares]
alluding to George H. W. Bush's pledge “Read my lips: no new taxes” while accepting the presidential nomination at the 1988 Republican National Convention

“In 1990, East Asia, South Asia, and Africa all had the same percentage of people living in extreme poverty: 55 percent. Now, East Asia is at ten percent, and South Asia has gone down to 30 percent. In Africa, it’s still 55 percent. Why did we succeed in East Asia, and why are we falling behind in Africa? This year, we’re going to be lending over $60 billion. That seems like a lot of money, but every year, sub-Saharan Africa requires about $100 billion in new investment in infrastructure.”

Jim Yong Kim (1959) Korean-American physician and anthropologist, 12th President of the World Bank

Banker to the Poor, A Conversation With Jim Yong Kim, October, 14

“It will take more time for the change we have to effect, but we don't have more time. The carbon dioxide on Earth, just in the last four years, has increased from.03 percent to.04 percent. And the change will have a significant impact on everyone.”

Bill Nye (1955) American science educator, comedian, television host, actor, writer, scientist and former mechanical engineer

[NewsBank, Nye: We must all save the Earth, The Madison Courier, Madison, Indiana, February 21, 2009, Pat Whitney]

“Reagan finally won the nomination by promoting "Reaganomics", an economic program based on the theory that the government could lower taxes while increasing spending and at the same time actually reduce the federal budget by sacrificing a live chicken by the light of a full moon. Bush charged that this amounted to "voo-doo economics," which got him into hot water until he explained that what he meant to say was "doo-doo economics." Satisfied, Reagan made Bush his vice-presidential nominee. The turning point in the election campaign came during the October 8 debate between Reagan and Carter, when Reagan's handlers came up with a shrewd strategy: No matter what Carter said, Reagan would respond by shaking his head in a sorrowful manner and saying: "There you go again." This was brilliant, because (a) it required the candidate to remember only four words, and (b) he delivered them so believably that everything Carter said seemed like a lie. If Carter had stated that the Earth was round, Reagan would have shaken his head, saying, "There you go again," and millions of voters would have said: "Yeah! What does Carter think we are? Stupid?”

Jimmy Carter (1924) American politician, 39th president of the United States (in office from 1977 to 1981)

Dave Barry, Dave Barry Slept Here: A Sort of History of the United States (1989), p. 167

“Obama-Clinton economic policies have produced 1.2 percent economic growth, the weakest so-called recovery since the Great Depression. Now, this is, like, unbelievable — 1.2. Do you know China goes to 7 percent or 8 percent, it's like a national catastrophe. Now, what they do is they cut their currency. They devalue their currency, and big league, and then all of our businesses continue to be drained out of the United States. Our money, our jobs. They make our product, they sell our product to us. No tax, no nothing, you devalue — see devaluing is sort of cheating.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2016, August, Speech at rally in Wilmington, North Carolina (August 9, 2016)

Help us to complete the source, original and additional information

Ron Paul 148

Related quotes

Related topics