--- title: "Meaning & Key Takeaway of: Hiking taxes on the so-called wealthy…" description: "\"Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax return..." image: "https://sms4smile.com/quotes/i/131/ronald-kessler-13022_help_hiking-taxes-on-the-so-called-wealthy-wo_1828265.jpg" --- # Hiking taxes on the so-called wealthy would help send us… ![“Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.” quote by Ronald Kessler](https://sms4smile.com/quotes/i/131/ronald-kessler-13022_help_hiking-taxes-on-the-so-called-wealthy-wo_1828265.jpg) [Download](https://sms4smile.com/quotes/i/131/ronald-kessler-13022_help_hiking-taxes-on-the-so-called-wealthy-wo_1828265.jpg) [Open image](https://sms4smile.com/quotes/i/131/ronald-kessler-13022_help_hiking-taxes-on-the-so-called-wealthy-wo_1828265.jpg) > “Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.” [Ronald Kessler](https://sms4smile.com/quotes/author/ronald-kessler/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Raising taxes on wealthy may trigger recession because many small businesses report income individually, reducing hiring and investment. **In simple terms:** High taxes can hurt small business growth. Key Takeaway Consider tax impacts before policy changes. Themes economics tax policy business cycles Mood analytical cautious Type policy economic When to use this quote - legislative debate - small business planning - budget forecasting Key Concepts fiscal policy employment investment Questions to Reflect On - What alternative revenue sources could offset tax hikes? - How can small businesses adapt to higher taxes? A Different Perspective Economic effects vary; other factors also influence recession risk. ★ ★ ★ ★ ★ No ratings yet [Help](https://sms4smile.com/quotes/about/help/) [Hiking Taxes](https://sms4smile.com/quotes/about/hiking-taxes-2252385/) [New](https://sms4smile.com/quotes/about/new/) [Recession Small](https://sms4smile.com/quotes/about/recession-small-2252384/) [Send Recession](https://sms4smile.com/quotes/about/send-recession-2252386/) [Small businesses](https://sms4smile.com/quotes/about/small-businesses/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Taxes Called](https://sms4smile.com/quotes/about/taxes-called-2252387/) [Taxes Raised](https://sms4smile.com/quotes/about/taxes-raised-1801906/) [Us](https://sms4smile.com/quotes/about/us/) [Will](https://sms4smile.com/quotes/about/will/) ## Related quotes > [Donald Trump would send us back into recession with his tax plans that benefit the wealthiest of Americans.](https://sms4smile.com/quotes/hillary-clinton/donald-trump-would-send-us-back-into-recession-with-his-tax-plans/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [Hiking taxes on businesses hurts workers and raises costs for consumers.](https://sms4smile.com/quotes/tommy-tuberville/hiking-taxes-on-businesses-hurts-workers-and-raises-costs-for/) [Tommy Tuberville](https://sms4smile.com/quotes/author/tommy-tuberville/) > [An economic strategy built around hiking taxes for business means one thing: fewer jobs.](https://sms4smile.com/quotes/chris-grayling/an-economic-strategy-built-around-hiking-taxes-for-business-means-one/) [Chris Grayling](https://sms4smile.com/quotes/author/chris-grayling/) > [“Death duties in Harcourt’s time were a comparatively modest 8 percent on estates valued at £1 million or more, but they proved to be…](https://sms4smile.com/quotes/bill-bryson/death-duties-in-harcourt-s-time-were-a-comparatively-modest-8-percent/) [Bill Bryson](https://sms4smile.com/quotes/author/bill-bryson/) > [I know not whether taxes are raised to fight wars, or wars are fought in order to raise taxes.](https://sms4smile.com/quotes/thomas-paine/i-know-not-whether-taxes-are-raised-to-fight-wars-or-wars-are-fought/) [Thomas Paine](https://sms4smile.com/quotes/author/thomas-paine/) > [The American taxpayers are a powerful force. 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Yet because of their size, they rarely…](https://sms4smile.com/quotes/dan-lipinski/small-businesses-are-the-backbone-of-the-american-economy-and-employ/) [Dan Lipinski](https://sms4smile.com/quotes/author/dan-lipinski/) > [When it comes to bullying small businesses, Donald Trump is the poster boy.](https://sms4smile.com/quotes/hillary-clinton/when-it-comes-to-bullying-small-businesses-donald-trump-is-the-poster/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [I will be a tireless advocate for our District's defense priorities including Sheppard Air Force Base, Pantex, Bell Helicopter, universities conducting important research, and…](https://sms4smile.com/quotes/ronny-jackson/i-will-be-a-tireless-advocate-for-our-district-s-defense-priorities/) [Ronny Jackson](https://sms4smile.com/quotes/author/ronny-jackson/) ## More by Ronald Kessler > [To reform the Secret Service, the agency needs a director from outside the agency who will be immune from that culture and not beholden…](https://sms4smile.com/quotes/ronald-kessler/to-reform-the-secret-service-the-agency-needs-a-director-from-outside/) [Ronald Kessler](https://sms4smile.com/quotes/author/ronald-kessler/) > [“The White House is a character crucible," according to Bertram S. 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