Susan Collins Quotes
I do not believe that the top rate should be lowered for individuals who are making more than $1 million a year. I don't think there's any need to eliminate the estate tax.
Collins, Susan. Interview with Kevin Cirilli. Bloomberg TV, 2 Nov. 2017.
Reacting to proposals to reduce the capital gains tax:
He turned out to be very wrong as there were a number of times in American history when there were tax rates in excess of 70 percent, and they were collected.
This became known as the Buffet Principle—that the very rich should not pay a lower tax rate than the workers who make far less money than they do. President Barack Obama used this principle by name in calling for the 2011 Jobs Act which would eliminate some of the loopholes and exemptions by which the rich could avoid some or much or their tax obligation.
Comment made in the Congressional Congress debates in 1787. This precedes individual taxation. In the debate, Wilson felt state taxation “should accord with the number of freemen” as “it is strange that annexing the name of ‘State’ to ten thousand men, should give them an equal right with forty thousand.”
He was one of the richest men in America, who thought that the tax burden on the very wealthy was too low given the needs of the nation and the ability of the wealty to pay..
Susan Margaret Collins is an American businesswoman and politician serving as the senior United States Senator from Maine. A Republican, she has represented Maine in the Senate since 1997.
