Expansion Quote by George P. Shultz
“You don't get gushers of revenue by raising tax rates. You get it through expansion.”
About This Quote
Source Quote: Unknown source
Economic growth, not higher taxes, drives revenue; expanding the tax base yields more income.
In simple terms: Growth, not tax hikes, creates revenue.
Key Takeaway
Focus on expanding economic activity.
Themes
economics
tax policy
growth
Mood
analytical
pragmatic
Type
policy
economic
When to use this quote
- business expansion
- infrastructure investment
- job creation
- tax reform
Key Concepts
fiscal policy
public finance
Questions to Reflect On
- How can policymakers encourage growth without raising rates?
- What sectors best drive expansion?
A Different Perspective
Higher taxes may still be politically necessary.
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![“If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you…” quote by Mitt Romney](https://sms4smile.com/quotes/img-quotes/dce/mitt-romney-268_able_if-you-bring-tax-rates-down-it-makes-it_101895.jpg)
![“If somebody had made that [deal] to me when I was a businessman, I would have said he proposed to give me the sleeves from his vest.” quote by George P. Shultz](https://sms4smile.com/quotes/img-quotes/b7c/george-p-shultz-18551_american-politics_if-somebody-had-made-that-deal-to-me-whe_1790160.jpg)
