Salute to the President Dinner, Long Beach, CA
Tax rates affect prices for working, saving, and investment. And when you raise the price of those productive activities, you get less of them and more activity in the underground economy and tax shelters. And if you're in business, you know you can't force the public to buy products that aren't selling by raising the price. Too many in Washington and across the country still believe that we can raise more revenues from the economy by making it more expensive to work, save and invest in the economy."