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I really do believe most people understand raising tax rates is bad for the economy, it costs jobs. It actually in the long term undermines revenue.
Tom Cole
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There's no recovery on Main Street, I can tell you that for sure. And in a re - in an economy like this, we don't need to be raising anybody's taxes.
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The casinos brought lots of revenue and jobs to our community. We've seen lots of benefits from those tax dollars.
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Someone is going to have to explain to me at some time how raising taxes on job-creators is going to create more jobs.
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Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.
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The key to revenue growth is tax reform that closes loopholes and that is pro-growth. Then with a growing economy, that's where your revenue growth comes in, not from higher taxes.
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