Budget Quote by Mitch McConnell

That is what happened in 2010. The administration and the leadership of the Republicans thought, 'Well, we're making a deal together; we're showing the…

— Austan Goolsbee

President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on…

— Christina Romer

In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax…

— Barack Obama

It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be…

— Arthur Laffer

We have got to cut the spending. We have got to fix Medicare and Social Security. And actually, if we don't cut spending, this…

— Paul Broun

We cut tax exemptions in 1986, it was the most admired tax reform in U.S. history. Congress and the president worked together then to…

— T.R. Reid

The 'fiscal cliff' is a ruse, an invention by the right and the rich, to try and keep their huge tax breaks.

— Michael Moore

Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

— Ben Bernanke

To the extent that we've got a fiscal crisis right now, part of it is prompted by a bullheaded insistence on the part of…

— Barack Obama

Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the…

— Dick Morris

Sadly, the President's budget proposal for the upcoming year once again puts cutting taxes for the wealthiest Americans over addressing our country's severe fiscal…

— Carl Levin

It was absolutely critical to renew the Bush tax cuts. Letting them expire would result in a massive tax increase that would retard economic…

— Mitt Romney