Stephen Miller
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Every time we've raised tax rates, the economy has gone into recession, the rich have actually paid less taxes, and the burden has shifted to lower income people. This is not a way to help America. And I just wanted to get that out there. So I want your listeners to call your congressman or senator and say, do not raise tax rates on anyone. That's not what we do as Republicans.
Every time we've raised tax rates, the economy has gone into recession, the rich have actually paid less taxes, and the burden has shifted to lower income people. This is not a way to help America. And I just wanted to get that out there. So I want your listeners to call your congressman or senator and say, do not raise tax rates on anyone. That's not what we do as Republicans.
So let's, so that, that I agree with that.
So let's, so that, that I agree with that.
Yeah. That's a great question. And by the way, Elon Musk has a better answer to that than I am. You know, you may have seen him a month or two. He was asked that same question, Charlie. He said, look, who do you trust to invest in the American economy better? Someone like me who is great at me that he was talking about himself.
Yeah. That's a great question. And by the way, Elon Musk has a better answer to that than I am. You know, you may have seen him a month or two. He was asked that same question, Charlie. He said, look, who do you trust to invest in the American economy better? Someone like me who is great at me that he was talking about himself.
who's created tens and tens of thousands of jobs and some of the greatest businesses ever, were politicians. So the people who are the job creators and the wealth producers in our economy are people at the top. They've gotten to the top because they're smart. By the way, over half of all small businesses pay their taxes on the individual income tax rate.
who's created tens and tens of thousands of jobs and some of the greatest businesses ever, were politicians. So the people who are the job creators and the wealth producers in our economy are people at the top. They've gotten to the top because they're smart. By the way, over half of all small businesses pay their taxes on the individual income tax rate.
Do we want to be taxing the small businessmen and women in the country? So it doesn't work. And the other thing about the rich, and this is also in Laffer's book, is that they're smart. They have tax lawyers. They have tax accountants. They're not going to pay these entire rates. They're going to find ways around it. And what happens is the tax burden really gets smashed onto the poor.
Do we want to be taxing the small businessmen and women in the country? So it doesn't work. And the other thing about the rich, and this is also in Laffer's book, is that they're smart. They have tax lawyers. They have tax accountants. They're not going to pay these entire rates. They're going to find ways around it. And what happens is the tax burden really gets smashed onto the poor.
So we don't want to do it. Reagan cut tax rates to the lowest rates we'd had in 75 years. We had the biggest boom ever. Trump cut tax rates. We had a big boom. Every time it works. Any student of history knows that lowering tax rates is a great thing. And the last two presidents who were Republicans who raised tax rates, Herbert Hoover and And George H.W.
So we don't want to do it. Reagan cut tax rates to the lowest rates we'd had in 75 years. We had the biggest boom ever. Trump cut tax rates. We had a big boom. Every time it works. Any student of history knows that lowering tax rates is a great thing. And the last two presidents who were Republicans who raised tax rates, Herbert Hoover and And George H.W.
Bush, it didn't turn out too well for them.
Bush, it didn't turn out too well for them.
Oh, no. I mean, you raise a great point, Charlie. I should have said this at the outset. How do high income tax rates affect the rich? Just look across the states. How many times have you and I talked about this? Just a new report came out last week showing, again, that California, Illinois, New York and New Jersey are losing population at the fastest rate of any state in the country.
Oh, no. I mean, you raise a great point, Charlie. I should have said this at the outset. How do high income tax rates affect the rich? Just look across the states. How many times have you and I talked about this? Just a new report came out last week showing, again, that California, Illinois, New York and New Jersey are losing population at the fastest rate of any state in the country.
Those tend to be the highest. You know, California and New York have 13 percent income taxes. Now, you know that. Charlie, where do you live, by the way? Are you in Florida?
Those tend to be the highest. You know, California and New York have 13 percent income taxes. Now, you know that. Charlie, where do you live, by the way? Are you in Florida?
That was the point I was going to make. Yeah, that was the point I was going to make is that you have states like Tennessee, Texas, Florida that have no income tax and they're booming. Arizona's got a pretty good low income tax rate. That's working for them. So this is a very positive thing for the low tax states.
That was the point I was going to make. Yeah, that was the point I was going to make is that you have states like Tennessee, Texas, Florida that have no income tax and they're booming. Arizona's got a pretty good low income tax rate. That's working for them. So this is a very positive thing for the low tax states.