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Colin Powell on Tax Reform

Secretary of State (Pres. Bush Cabinet)

 


Lessen the burdens of taxes & debt

We are the party committed to lessening the burden of taxes, cutting government regulations and reducing government spending, to generate the higher economic growth that will bring better jobs, wages and living standards to all our people. All of us must be willing to do with less from government if we are to avoid condemning our children with a crushing burden of debt that will deny them the American Dream. It is the entitlement state that must be reformed, and not just the welfare state.
Source: Speech to the Republican National Convention , Aug 12, 1996

Tax dollars are better spent if left in private hands

I am concerned that the present tax burden on Americans is so high that it seriously risks dampening our entrepreneurial vitality. Every tax dollar taken away from a consumer or business is a dollar that will be spent less efficiently than if left in private hands.
Source: My American Journey, by Colin Powell, p. 590 , Jan 1, 1995

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Page last updated: Oct 26, 2021