Balanced budget Quote by Mitt Romney
“I don't want to cost jobs. My priority is jobs. And so what I do is I bring down the tax rates, lower deductions and exemptions, the same idea behind Bowles-Simpson, by the way, get the rates down, lower deductions and exemptions, to create more jobs, because there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. That's by far the most effective and efficient way to get this budget balanced.”
About This Quote
Source Speech: Republican National Convention, 2012
The speaker argues that cutting taxes and reducing deductions will boost employment and revenue, balancing the budget.
In simple terms: Lower taxes to create jobs and raise revenue.
Key Takeaway
Use tax cuts to stimulate economy.
Themes
economics
tax policy
employment
Mood
pragmatic
optimistic
Type
political
economic
When to use this quote
- business planning
- budget planning
Key Concepts
Supply‑side economics
fiscal policy
Questions to Reflect On
- Will tax cuts always generate sufficient revenue?
- What alternatives exist for budget balance?
A Different Perspective
Tax cuts may increase deficits if growth stalls.
![“We don't hear our president [Barack Obama] talking about the need for high-quality jobs for everybody, giving it priority, not just giving a speech in Detroit. That's fine, but speaking to Tim Geithner, speaking to Larry Summers. When are you going to make jobs, jobs, jobs a priority rather than…” quote by Cornel West](https://sms4smile.com/quotes/img-quotes/215/cornel-west-708_barack_we-don-t-hear-our-president-barack-obama_1713007.jpg)
