“We should consider lowering our income tax rates to equal Hongkong or Vietnam or Thailand. One of the major reasons why many locators do not like the Philippines is because they would have to pay their executives more takeout to equalize take home pay. For example, Hongkong has a tax rate of 17% while our marginal income tax rate is 32%.”

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

Adopted from Wikiquote. Last update Sept. 14, 2021. History

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Francis Escudero354

Filipino politician 1969

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“He (Donald Trump) called for a new tax loophole – let’s call it the Trump Loophole – because it would allow him to pay less than half the current tax rate on income from many of his companies. He’d pay a lower rate than millions of middle class families.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

“A tax cut means higher family income and higher business profits and a balanced federal budget…. As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: "Radio and Television Address to the Nation on the Test Ban Treaty and the Tax Reduction Bill" (18 September 1963) http://www.presidency.ucsb.edu/ws/?pid=9413

“Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The Government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment. [...] For all these reasons, next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Speaking at a political fundraiser for Hillary Rodham Clinton in New York, as quoted in Henry Goldman, "Buffett, at Clinton Fund-Raiser, Says Congress Favors the Rich" in Bloomberg (27 June 2007) http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aks_E_vUEip8 <br class="br">Context: The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.

“Wall Street, corporations, and the super-rich, should finally pay their fair share of taxes. That’s why I support the so-called ‘Buffett Rule,’ because multi-millionaires should not be able to pay a lower tax rate than their secretaries. We should also add a new tax on multi-millionaires, crack down on tax gaming by corporations and close the carried interest loophole.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

“HALF of America pays NO taxes. Zero. So they’re happy for tax rates to be raised on the other half that DOES pay any taxes.”

Rick Warren (1954) Christian religious leader

Twitter tweet (25 July 2011), as quoted in David Atkins at Hullabaloo (26 July 2011) http://www.drumsnwhistles.com/2011/07/26/rick-warren-what-were-you-thinking/

“[T]he facts are that thousands of small businesses - Hispanically owned or otherwise - pay taxes at the highest marginal rate.”

George W. Bush (1946) 43rd President of the United States

Speech http://www.presidency.ucsb.edu/ws/index.php?pid=45784 to the Hispanic Chamber of Commerce, (March 19, 2001) <br class="br">2000s, 2001

“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

“No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

David Wessel, The Wall Street Journal (April 5, 1998) "Rich now pay more in taxes", Mobile Register, p. F1.
1990s

“What Senator McCain has lately been suggesting is that somehow I'm going to take money from people making over $250,000, and give it to people who "pay no taxes". What he's confusing is the fact that even if you don't pay income tax, there are a lot of people who don't pay income tax, but you're still paying a whole lot of other taxes. You're paying payroll tax, which is a huge burden on a lot of middle-income families. You're paying sales taxes. You're paying property taxes. There are a whole host of taxes that you're paying. So when we provide an offset to the waitress or the janitor, these folks are working.”

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

This isn't some giveaway to people who are on welfare. This is giving help to people who are working hard every day. <br class="br"> Remarks at a a rally in Lake Worth, Florida (21 October 2008) http://www-tc.pbs.org/newshour/rss/media/2008/10/21/20081021_wrap.mp3 <br class="br">2008

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Francis Escudero354

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