“Will the tax cut destroy America’s prosperity? Probably not. As Adam Smith observed, there’s a deal of ruin in a nation. We have a huge, resilient economy that can survive and recover from even quite bad government policies.
Yet while the tax cut may not be a matter of economic life or death, it is a very serious issue. For one thing, like it or not, the tax cut has become the central political issue in the United States right now. Conservatives who want to reshape America view passage of a large tax cut as a first step toward realizing their vision. For that reason, those who do not share this vision feel, rightly, that they must oppose the plan.”

— Paul Krugman

Introduction
Fuzzy Math: The Essential Guide to the Bush Tax Plan (2001)

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Paul Krugman 106

American economist 1953

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“If a tax cut increases government revenues, you haven't cut taxes enough.”

Milton Friedman (1912–2006) American economist, statistician, and writer

As quoted in "Milton Friedman's Last Lunch" at Forbes.com (11 December 2006)

“One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn’t cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that’s precisely why tax revenues have soared. When a department store wants to make more money, it doesn’t raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.”

Mike Rosen (1944) American political pundit

July 22, 2005 Rocky Mountain News column

“Many of you are well enough off that… the tax cuts may have helped you… We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good.”

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

Explaining her opposition to President Bush's tax cut in San Francisco (28 June 2004) http://www.signonsandiego.com/news/politics/20040629-0007-ca-clintons-sanfrancisco.html
Senate years (2001 – January 19, 2007)

“It is true that I want to roll back the Bush tax cuts on the very wealthiest Americans and go back to the rate that they paid under Bill Clinton. John McCain calls that socialism. What he forgets, conveniently, is that just a few years ago, he himself said those Bush tax cuts were irresponsible. He said he couldn't in good conscience support tax cuts where the benefit went to the wealthy at the expense of middle class Americans who most need the tax relief. That's his quote. Well, he was right then, and I am right now.”

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

Comments at a campaign rally in Tampa; Florida (20 October 2008) http://www.baynews9.com/content/36/2008/10/20/394027.html
2008

“You are going to approve one of the biggest tax cuts in history. You are going to approve one of the biggest tax increases in history. You are going to drive business out. Your regulations are a disaster, and you're going to increase regulations all over the place. And by the way, my tax cut is the biggest since Ronald Reagan. I'm very proud of it. It will create tremendous numbers of new jobs. But regulations, you are going to regulate these businesses out of existence. … The things that business as in people like the most is the fact that I'm cutting regulation. You have regulations on top of regulations, and new companies cannot form and old companies are going out of business. And you want to increase the regulations and make them even worse. I'm going to cut regulations. I'm going to cut taxes big league, and you're going to raise taxes big league, end of story.”

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

2010s, 2016, September, First presidential debate (September 26, 2016)

“You could say that GDP (National Income) and prosperity and wealth grows fastest when income tax rates are highest. And wealth slows, the economy slows, when taxes are cut. That's counter intuitive but if you look at any chart comparing tax rates and economic growth rates that's what you find. The 19th century knew it, the 18th century knew it but today you have a kind of counter revolution of junk economics that is basically anti-labor economics.”

Michael Hudson (economist) (1939) American economist

"Higher Taxes on Top 1% Equals Higher Productivity", Video Interview (13:28), The Real News Network (TRNN) http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6000 (January 1, 2011)

“There is no conservative party in Washington. There is a Democratic Party of tax-and-spend and a Republican Party of guns and butter and tax cuts, too. Washington is all accelerator, the brakes are gone.”

Patrick Buchanan (1938) American politician and commentator

2000s, Where the Right Went Wrong (2004)

“We gave the greatest -- the biggest tax cut in history.”

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

Claimed, without evidence, as quoted by * 2020-10-20
Fact-checking Trump's dishonest weekend: The President made at least 66 false or misleading claims in three days
Daniel Dale
CNN
https://edition.cnn.com/2020/10/19/politics/fact-check-trump-dishonest-weekend-florida-michigan-georgia-wisconsin/index.html
2020s, 2020, October

“Nothing could be further from the truth than the claim that we have a choice between cutting tax and cutting unemployment, for the two go hand in hand. It is no accident that the two most successful economies in the world, both overall and specifically in terms of job creation—those of the United States and Japan—have the lowest level of tax as a proportion of GDP. Reductions in taxation motivate new businesses and improve incentives at work. They are a principal engine of the enterprise culture, on which our future prosperity and employment opportunities depend.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech http://hansard.millbanksystems.com/commons/1986/mar/18/income-tax in the House of Commons (18 March 1986)

“I supported the Bush tax cut.”

Jeanne Shaheen (1947) American politician

2002 U.S. Senate Debate, October 2002 http://www.youtube.com/watch?v=L6Ts4HTG570

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Paul Krugman 106

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