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

— Milton Friedman

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

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 "If a tax cut increases government revenues, you haven't cut taxes enough." by Milton Friedman?

Milton Friedman 158

American economist, statistician, and writer 1912–2006

Related quotes

“Too large a tax cut, of course, could result in inflation and insufficient future revenues--but the greatest danger is a tax cut too little or too late to be effective.”

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

“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

“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

“In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”

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

1962, Address and Question and Answer Period at the Economic Club of New York (549)

“I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

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

“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)

“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.”

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

1962, Address and Question and Answer Period at the Economic Club of New York (549)

“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

“That's why I cut the taxes on everybody. I didn't cut them. The Congress cut them. I asked them to cut them.”

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

Unity Journalists of Color Convention http://www.washingtonpost.com/wp-dyn/articles/A6375-2004Aug16.html, Washington, D.C. (August 6, 2004)
2000s, 2004

“Taxes are like abortion, and not just because both are grotesque procedures supported by Democrats. You're for them or against them. Taxes go up or down; government raises taxes or lowers them. But Democrats will not let the words abortion or tax cuts pass their lips.”

Ann Coulter (1961) author, political commentator

Put the tax cut in a lock box
2002-02-02
Townhall
http://townhall.com/columnists/anncoulter/2002/02/21/put_the_tax_cut_in_a_lock_box/page/full
2002

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

Help us to complete the source, original and additional information

Milton Friedman 158

Related quotes

Related topics