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Well, certainly the democrats have been arguing to raise the capital gains tax on all americans. obama says he wants to do that. that would slow down economic growth. it's not necessarily helpful to the economy. every time we've cut the capital gains tax, the economy has grown. whenever we raise the capital gains tax, it's been damaged.
-Grover Norquist
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Well, Certainly The Democrats Have Been Arguing

Grover Norquist
Well, certainly the democrats have been arguing to raise the capital gains tax on all americans. obama says he wants to do that. that would slow down economic growth. it's not necessarily helpful to the economy. every time we've cut the capital gains tax, the economy has grown. whenever we raise the capital gains tax, it's been damaged.
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Cutting Growth Want

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Well, i think the reality is that as you study - when president kennedy cut marginal tax rates, when ronald reagan cut marginal tax rates, when president bush imposed those tax cuts, they actually generated economic growth. they expanded the economy. they expand tax revenues.
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One of the great drivers of the alienation that has made donald trump possible is that the growth in the american economy has been weak. in the decade from 2005 to 2015, there was not one year when the us hit three per cent growth. and to the extent there's been growth, virtually all of it has been collected by the top 10 per cent of the population. obviously, if we knew how to make growth faster, we would. we don't. and it's very difficult to make growth more broadly shared. because it's not just the us that has this problem.
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I do agree that the science is not settled on this. the idea we would put americans' economy in jeopardy based on scientific theory that is not settled yet to me is nonsense. just because you have a group of scientists who stood up and said this is the fact... galileo got outvoted for a spell. to put americans' economic future in jeopardy, asking us to cut back in areas that would have monstrous economic impact on this country is not good economics and i would suggest is not necessarily good science.
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Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. and any new recession would break all deficit records. in short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.
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