"Every time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down"
- Jack Kemp
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In this quote, Jack Kemp is highlighting the favorable impact of decreasing tax rates on various elements of the economy. He argues that throughout the 20th century, whenever tax rates were reduced for employment, conserving, investment, and risk-taking, it led to an increase in revenue rather than a decrease. This recommends that lower tax rates can promote economic development and motivate individuals and organizations to participate in productive activities. By decreasing the concern of taxes, individuals have more reward to work, save, and invest, which eventually results in a boost in earnings for the federal government. Kemp's statement highlights the potential advantages of implementing tax cuts as a means of promoting financial success.
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