Demand Quote by Barack Obama
“The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.”
About This Quote
Source Speech: Economic Policy Address, 2009
Raising taxes during a recession can further depress demand and hurt businesses.
In simple terms: Tax hikes in a downturn worsen economic strain.
Key Takeaway
Avoid tax increases when the economy is weak.
Themes
economics
tax policy
recession
Mood
cautious
analytical
Type
political
economic
When to use this quote
- budget planning
- government policy
- business strategy
Key Concepts
fiscal stimulus
public finance
Questions to Reflect On
- What alternatives exist to raise revenue without harming demand?
- How can targeted relief offset tax impacts?
A Different Perspective
Tax revenue may be needed for essential services despite slowdown.
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