American - Politician | January 29, 1970 -
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.
Paul Ryan
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Look, only in Washington is not raising taxes considered a tax cut. Nobody's getting a tax cut here. We're not cutting taxes. We're preventing tax increases from occurring.
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We believe that the government has an important role to create the conditions that promote entrepreneurship, upward mobility, and individual responsibility.
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We need to reclaim our American system of limited government, low taxes, reasonable regulations, and sound money, which has blessed us with unprecedented prosperity. And it has done more to help the poor than any other economic system ever designed.
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That's the real secret to job creation - not borrowing and spending more money in Washington.
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What we heard today was not fiscal leadership from our Commander-in-Chief, what we heard today was a political broadside from our Campaigner-in-Chief.
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We are looking for bipartisan solutions not partisan rhetoric.
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Look, the president is elected to lead and to face the country's biggest challenges. The country's biggest challenge domestically speaking, no doubt about it, is a debt crisis, and I'm really hoping that he is going to give us a budget that tackles this debt crisis.
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Borrowing and spending is not the way to prosperity.
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Look, I am not worried about Washington cutting too much spending too fast. I mean, the kinds of spending cuts we're talking about just right now are $100 billion out of a $3.7 trillion budget.
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We're saying no changes for Medicare for people above the age of 55. And in order to keep the promise to current seniors who've already retired and organized their lives around this program, you have to reform it for the next generation.
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Look, of course people are scared of entitlement reform because every time you put entitlement reform out there, the other party uses it as a political weapon against you.
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