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To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
On the issues that I care deeply about - the environment, Roe vs. Wade, the war in Iraq, with no weapons of mass destruction, the tax cuts that are now leading to deficits, I've got some deep issues with the president.
Even with not having a balanced budget at this time, I support tax cuts. That will help limit spending.
You have to starve the Beast. That's one of the most important things about tax cuts. If you leave the money in Washington, it's going to be spent.
And I have to tell you as a grandmother, I worry about the fact that my grandchildren are going to be paying for all the spending, including military spending, that has gone on and the tax cuts that have come through.
The corporate right fires up the religious right against gay marriage and abortion and uses their votes to push their deregulation and tax cuts for the rich. It's an old trick. The House of Saud has the same arrangement with the Mullahs in Saudi Arabia.
In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can't afford it. And I refuse to renew them again.
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.
Where is the politician who has not promised to fight to the death for lower taxes- and who has not proceeded to vote for the very spending projects that make tax cuts impossible?
Together we can and must fight for justice for our children and protect them from draconian tax cuts and budget choices that threaten their survival, education and preparation for the future. If they are not ready for tomorrow, neither is America.
Marian Wright Edelman
America's corporate and political elites now form a regime of their own and they're privatizing democracy. All the benefits - the tax cuts, policies and rewards flow in one direction: up.
Obama and the Democrats' preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.
Tax cuts create more jobs and this is something we as Republicans have to do a better job of marketing.
But what is striking about this, in a town that often talks about tax cuts, we could quite easily, Republicans and Democrats working together, do something that everybody in America desires, and that is a simplification of our Tax Code.
Welfare reform happened with reconciliation; half the Democrats voted for it. The Bush tax cuts happened with reconciliation; twelve Democratic Senators voted for it. You didn't have a real partisan issue on those times that it was used.
Dozens of America's wealthiest taxpayers - including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry's fame - have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year.
Liberal Democrats are inexorably opposed to tax cuts, because tax cuts give people more power, and take away from the role of government.
Temporary tax cuts don't create permanent confidence, nor permanent jobs.
Tax cuts should be for life, not just for Christmas.
Apparently there are some Democratic leaders in the Senate that are running for office who now believe in tax cuts.
Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.
It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.
Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.
C. S. Lewis
Martin Luther King, Jr.
Leonardo da Vinci
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