Creation Quote by Jose Angel Gurria
“You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.”
About This Quote
It warns that raising taxes on labor and investment can discourage job creation and wealth generation, advocating balanced fiscal policy.
In simple terms: High taxes can hinder jobs and wealth.
Key Takeaway
Balance taxes and growth.
Themes
economics
tax policy
employment
wealth creation
Mood
analytical
pragmatic
Type
policy
economic
When to use this quote
- government budgeting
- business planning
- policy debate
- tax reform
Key Concepts
fiscal responsibility
public finance
Questions to Reflect On
- What tax balance best promotes growth?
- How to protect essential services while lowering taxes?
A Different Perspective
Tax cuts may reduce public services.
![“Perhaps no order of mammals presents us with so extraordinary a series of gradations as this [step by step, from humans to apes to monkeys to lemurs] - leading us insensibly from the crown and summit of the animal creation down to creatures, from which there is but a step, as it seems, to the…” quote by Thomas Huxley](https://sms4smile.com/quotes/img-quotes/f0b/thomas-huxley-1183_animal_perhaps-no-order-of-mammals-presents-us_3051.jpg)
