Taxes Quote by Neal Boortz
““When Bill Archer (R-Tex.) was chairman of the House Ways and Means Committee, he routinely quoted an informal survey of five hundred international companies located in Europe and Japan. These companies were asked, “What would you do in your long-term planning if the United States eliminated all taxes on capital and labor and taxed only personal consumption?” Eighty percent—that’s four hundred out of five hundred companies—said they would build their next plant in America. The remaining 20 percent—the other hundred companies—said they would relocate their business to America altogether.””
About This Quote
Source Speech: Interview on Tax Policy, 1995
If the US removed taxes on capital and labor, most companies would invest domestically, showing tax policy drives location decisions.
In simple terms: Tax cuts would attract factories to the US.
Key Takeaway
Consider how tax incentives shape business strategy.
Themes
economics
tax policy
investment
global trade
Mood
analytical
optimistic
Type
policy
economic
When to use this quote
- government budgeting
- corporate planning
- investment decisions
- policy advocacy
Key Concepts
Fiscal incentives
corporate behavior
location theory
Questions to Reflect On
- What other policies influence where companies locate?
- How might labor market conditions alter this outcome?
A Different Perspective
Assumes other factors like labor costs and regulation remain favorable.
