Paul Ryan Quotes


Here's the problem with the tax code. You send your money to Washington and then a few have a special carve out for your business, for your industry, if you do something Washington approves of, then they'll let you keep some of your money back.


Citations

Ryan, Paul. "CNN Town Hall." CNN, 12 Jan. 2017.

Related Quotes

He was referring to many of the tax earmarks and other tax legislation that in effect give funds to specific organizations or kinds of organizations or for those who engage in certain activities or sometimes just to favorite organziations. A tax credit or deduction is from a balanced budgetary perspective is no different from a subsidy.


[If a business takes other investors in to finance its growth or expansion, there are no tax consequences with the equity investment. However, if the same business borrows money from a bank, the business can deduct the interest cost of the debt from their federal and usually state taxes. If an individual buys a house and takes a large mortgage, the owner can deduct the interest from his taxes. However, if she instead does the more prudent and safe thing and puts more cash equity and takes a smaller mortgage, she only gets a small tax deduction.]


Paul Ryan
Paul Ryan
  • Born: January 29, 1970
  • Nationality: American
  • Profession: Politician

Paul Davis Ryan is the 54th Speaker of the U.S. House of Representatives.