Statements about Taxes
"If you look at our tax mix, the share of corporate revenues as a percentage of our overall revenue mix has declined by about half over the last 30 years."
"The tax on job creating businesses is 35 percent in the United States, second worst in the entire world."
Virginia is "headed towards another surplus this year, unlike most states."
There is "a situation in this country where you're nearing 50 percent of people who don't even pay income taxes."
Rep. Paul Ryan’s Medicare plan "lines the pockets of the private insurance companies," increases costs for seniors and does not reduce the deficit.
"Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]."
Tim Kaine broke a campaign promise not to raise taxes.
Tim Kaine proposed "over $6 billion in tax increases from the time he entered the governor’s mansion until the time he left."
"Over the past decade, the big five oil companies --- BP, Chevron, ConocoPhillips, ExxonMobil and Shell -- made a total profit of nearly $1 trillion."
The health care bill has "six years of costs against 10 years of tax revenue."
The U.S. loses more on tax breaks than it collects in personal income taxes.
The health care reform law "offset[s] 6 years of benefits with 10 years of tax increases."
The tax-cut deal "adds more than $800 billion to the deficit over two years -- more than the cost of TARP and more than the cost of the Recovery Act" and about the same as health care reform.
The Bush-era tax cuts failed to increase employment and "work-force participation fell in 2001 and has never returned to the record level set in 2000."
Letting the Bush tax cuts expire would raise taxes on small businesses.
$65 billion "would be added to the deficit if we keep the cuts for people on the highest incomes."
Republican plan to extend Bush tax cuts "would double deficit projections going forward for the next couple of decades."
"If all of the [Bush-era] tax cuts expire on schedule, the budget will be close to being balanced in four years."
Says Robert Hurt "supports the tax loopholes that send American jobs overseas."
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