Care Quote by John Cornyn
“Raising taxes is the last thing we should do amid the weakest economic recovery since World War II. Unfortunately, even if we avoid the full 'Taxmageddon' scenario, President Obama's health care law also contains a new surtax on investment that will take effect in 2013.”
About This Quote
Source Speech: Senate Floor, 2013
The speaker argues that raising taxes during a weak recovery is harmful, and notes additional surtaxes in health care law.
In simple terms: Increasing taxes now would worsen a fragile economy.
Key Takeaway
Avoid tax hikes in weak recoveries.
Themes
Fiscal policy
economic recovery
taxation
Mood
cautious
analytical
Type
political
policy
When to use this quote
- budget planning
- policy debates
- business investment
- public finance
Key Concepts
recession dynamics
government revenue
Questions to Reflect On
- Should tax policy prioritize growth or revenue?
- What alternatives exist to funding?
A Different Perspective
Higher taxes may be politically necessary despite economic concerns.
