2014, Speech: Sponsorship Speech for the FY 2015 National Budget
“Total Revenues amounting to P2.337 trillion will finance the proposed 2015 national budget, representing a Revenue Effort of 16.5% and a growth rate of 15.8%. Tax Revenues, Mr. President, in particular, is targeted at P2.194 trillion, representing a Tax Effort of 15.5%.”
2014, Speech: Sponsorship Speech for the FY 2015 National Budget
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Francis Escudero 354
Filipino politician 1969Related quotes
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
1962, Address and Question and Answer Period at the Economic Club of New York (549)
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
Source: The Economic Illusion (1984), Chapter 5, Taxes, p. 208
Context: The total impact of the Reagan tax cuts on capital lowered the effective cost of capital to American industry by an estimated 1.2 percent. Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.
2014, Speech: Sponsorship Speech for the FY 2015 National Budget
“If a tax cut increases government revenues, you haven't cut taxes enough.”
As quoted in "Milton Friedman's Last Lunch" at Forbes.com (11 December 2006)
Source: 1962, Address and Question and Answer Period at the Economic Club of New York
2014, Speech: Sponsorship Speech for the FY 2015 National Budget
NDP releases "extremist of the Day" number 1 http://www.albertandp.ca/ndp_releases_extremist_of_the_day_number_1, quoted in the Edmonton Journal on May 11, 2011, Alberta's NDP (April 9, 2015)