Zephyr Teachout Quotes
I don't think we should reduce the corporate tax rate.
Teachout, Zephyr. NY-19 Congressional District Debate. WMHT Educational Telecommunications, Oct. 2016.
This is the most articulate historical statement of the modern conservative mantra regarding taxes. However, one change has taken place. The words “necessarily” and “often” tend to be left out of the more modern ideological statements. Mellon’s original statement has never really had any politicians or economists who disagreed. Politicians of all economic persuasions have generally accepted the Mellon statement but the extreme conservatives’ creed is that a lowering of taxes always produces more revenue and a tax increase will inevitably lead to greater tax revenue—a position which Mellon never took. Mellon however was very solicitous of the wealthy, felt the welfare of the nation depended on their prosperity, and was a strong advocate of what was later called ‘trickle down’ economics {628592}.
Zephyr Rain Teachout is an American attorney, author, political candidate, and associate professor of law at Fordham University.