|
Ronald Reagan on Corporations
President of the U.S., 1981-1989; Republican Governor (CA)
|
Businesses don't pay taxes; it's all passed on to customers
Here's how President Reagan explained the corrosive influence of corporate taxes on the average American:"Some say shift the tax burden to business and industry, but business doesn't pay taxes. Oh, don't get the wrong idea. Business is being taxed,
so much so that we're being priced out of the world market. But business must pass its costs of operations--and that includes taxes--on to the customer in the price of the product. Only people pay taxes, all the taxes.
Government just uses businesses in a kind of sneaky way to help collect the taxes. They're hidden in the price; we aren't aware of how much tax we actually pay."
Reagan was right. If Americans understood just how many hidden government fees and taxes are absorbed into the price of the goods and services they buy, they would be irate.
Source: Time to Get Tough, by Donald Trump, p. 57
, Dec 5, 2011
Goal is not material gain; but to renew the American dream
In 1982, President Ronald Reagan, at the Conservative Political Action Conference declared, "Higher productivity, a larger gross national product, a healthy
Dow Jones average--they are our goals and are worthy ones. But our real concerns are not statistical goals or material gain.
We want to expand personal freedom, to renew the American dream for every American. We seek to restore opportunity and reward, to value again personal achievement and individual excellence. We seek to rely on the ingenuity and energy of the
American people to better their own lives and those of millions of others around the world."
Source: Seize Freedom, by Rep. Thad McCotter, p. 90
, Feb 8, 2011
Page last updated: Apr 28, 2013
