Tom Cole Quotes

Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs.

There is no serious statistical evidence in support of the view that tax rates at current levels have a major disincentive effect on economic growth.

Here's the problem if you keep raising tax rates: You slow down economic growth.

I get how devastating high taxes are to job creation.

Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

Raising taxes won't create private sector jobs.

The linkage between tax rates and public services is, if not non-existent, negative.

What we've been hearing over and over again is that the reason Republicans are opposed to the surtax is because of the concern of its impact on job creation. Well, if you carve out employers, you take away that argument.

Someone is going to have to explain to me at some time how raising taxes on job-creators is going to create more jobs.

The worst thing that we could do is raises taxes. It would only hurt the economy.

As a matter of policy, increasing taxes on the most economically productive group, which already generates 60 percent of the nation's federal revenues, during a sustained period of economic doldrums is a wretched idea.

The biggest - one of the biggest barriers to driving economic growth is the capital gains tax rate. I propose taking it to zero.

Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.

The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.

The cardinal rule of taxation is that whatever you put a levy on, you'll inevitably get less of. Taxing corporate activity means less investing, less hiring, fewer jobs and a smaller economy, which hurts the rich, the poor and the middle class alike.

If you're going to go increase taxes on small businesses, you're going to slow down the extent to which we're able to reduce unemployment. So I think it's a serious mistake; the wrong time to raise taxes.

What sensible people want from a tax is to raise as much money as possible with the least disruption to the economy.

I am a supply sider. If you cut the right taxes, you will make more money.

Cuts in tax rates on individual and company income nearly always produce more revenue, not less.

A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.

When you raise taxes on small business, from 35% to 40%, you will kill jobs.

I would like to get the tax rate as low as possible so that businesses want to create jobs here.

At the end of the day, Republican-driven tax reform is not only going to be good for the economy and for growth. It's going to be good for middle-class Americans.

We need to lower marginal tax rates and increase investment.

You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.