Country Quote by Adena Friedman
“We tax our companies more than any other country in the world, so we really are not really encouraging businesses to grow and expand, and over time, that's going to make it so that we diminish our role in the global economy.”
About This Quote
Source Speech: Congressional testimony, 2023
High corporate taxes discourage growth, reducing national economic influence.
In simple terms: High taxes hurt business growth.
Key Takeaway
Reevaluate tax policy for competitiveness.
Themes
economy
tax policy
global competition
Mood
concerned
analytical
Type
policy
economic
When to use this quote
- business expansion
- government budgeting
- international trade
- investment attraction
Key Concepts
Fiscal policy
economic growth
industrial strategy
Questions to Reflect On
- How would lower taxes affect public services?
- What balance between revenue and growth?
A Different Perspective
Lower taxes may reduce public revenue for services.
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
