Budgets Quote by Michael J. Boskin
“New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president's budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government.”
![“The most pernicious of his [Obama] proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to 'refund' taxes they never paid. And it will eliminate the need for…” quote by Dick Morris](https://sms4smile.com/quotes/img-quotes/4de/dick-morris-4948_annuals_the-most-pernicious-of-his-obama-proposa_2333330.jpg)
![“In the name of short-term stimulus, he [Obama] will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal…” quote by Dick Morris](https://sms4smile.com/quotes/img-quotes/ede/dick-morris-4948_american-family_in-the-name-of-short-term-stimulus-he-ob_640426.jpg)
![“Their [the U.S.’s] defense budget in absolute figures is almost 25 times bigger than Russia’s. This is what in defense is referred to as ‘their home — their fortress.’ And good for them, I say. Well done!” quote by Vladimir Putin](https://sms4smile.com/quotes/img-quotes/ec3/vladimir-putin-261_absolutes_their-the-u-s-s-defense-budget-in-absolu_10791.jpg)
![“The only way you can do that [decrease taxes, balance the budget, and increase military spending] is with mirrors…” quote by John B. Anderson](https://sms4smile.com/quotes/img-quotes/a1d/john-b-anderson-110630_balance_the-only-way-you-can-do-that-decrease-ta_11507.jpg)
