President G. W. Bush About Income Tax

ABOUT INCOME TAXES

A family of four with an income of 40,000 would see their federal income taxes fall from 1,178 to 45 per year. :: 030128

A family of four with two earners and 39,000 in income will receive more than 1,100 in tax relief -- real money to help pay the bills and push the economy forward. :: 030107

A tax rate of 15 percent is too high for those who earned low wages, so we must lower the rate to 10 percent. :: 010227

A typical family with two children will save 1,600 a year on their federal income taxes. :: 010227

Abolishing double taxation of dividends will leave nearly 35 million Americans with more of their own money to spend and invest, which will promote savings and return as much as 20 billion this year to the private economy. :: 030107

About 30 million Americans include small business income when they file their individual tax returns with the IRS. :: 030107

After all, more than two-thirds of taxpayers who pay the highest marginal tax rates are small business owners who include their profits when they file their individual tax returns with the IRS. :: 030118r

All together, the tax relief I propose will give 23 million small business owners an average tax cut of 2,042 this year. :: 030118r

Americans facing these struggles are due to receive additional tax relief in 2004, and again in 2006. :: 030107

Americans should be able to count on those tax cuts as they plan their financial futures. :: 030107

Americans today are paying about a third of their income in taxes. :: 030107

An additional beneficiary of this tax cut will be small businesses. :: 030107

Another test of leadership is tax relief. :: 000803

As it is now, many investments are taxed not once, but twice. :: 030107

Both Americans and Muslim friends and citizens, tax-paying citizens, and Muslims in nations were just appalled and could not believe what we saw on our TV screens. :: 010917

By reducing taxes, encouraging investment and removing obstacles to growth, we will create a platform for future prosperity, so that small business can flourish, and every American who seeks work can find a job. :: 030118r

By speeding up the income tax cuts, we will speed economic recovery and the pace of job creation. :: 030107

by the way, the tax cut is real, too. :: 010725

Congress listened to the people and responded by reducing tax rates, doubling the child credit, and ending the death tax. :: 020129

Currently, tax law permits small firms to write off as expenses up to 25,000 worth of equipment -- like computers or machinery that they need. :: 030107

Double taxation falls especially hard on retired people. :: 030107

Double taxation is bad for our economy. :: 030107

Double taxation is unfair and bad for our economy. :: 030111r

Double taxation is wrong. :: 030107

During the fall campaign, we differed about the details of these proposals, but there was remarkable consensus about the important issues before us: excellent schools, retirement and health security, tax relief, a strong military, a more civil society. :: 001213

Everyone who pays income taxes will get tax relief. :: 010227

Faster tax relief will help these businesses to expand sooner, to hire new people faster, and to build a stronger foundation for the recovery. :: 030107

First, the IRS taxes a company on its profit. :: 030107

For all income taxpayers, I propose speeding up the tax cuts already approved by Congress, because Americans need that relief today. :: 030111r

for America's 84 million investors, and those who will become investors, I propose eliminating the double taxation on stock dividends. :: 030111r

For lower-income families, my tax plan restores basic fairness. :: 010227

For the sake of economic vitality, I'm asking Congress to make all the tax rate reductions effective this year. :: 030107

For the sake of long-term growth and to help Americans plan for the future, let's make these tax cuts permanent. :: 020129

For the sake of long-term growth, I'm asking Congress to make the tax reductions permanent. :: 020709

For younger workers, we will give you the option — your choice — to put a part of your payroll taxes into sound, responsible investments. :: 000803

Good jobs depend on sound tax policy. :: 020129

Her overtime, her hardest hours, are taxed at nearly 50 percent. :: 010227

I'm also troubled by the fact that our tax system unfairly penalizes some productive investments. :: 030107

I am proposing tax relief for everyone who pays federal income taxes. :: 030118r

I am proposing that all the income tax reductions set for 2004 and 2006 be made permanent and effective this year. :: 030128

I didn't throw darts at a board to come up with a number for tax relief. :: 010227

I looked at problems in the tax code and calculated the cost to fix them. :: 010227

I will also ask Congress to raise the amount of money small businesses can deduct from their taxes for investment in new equipment, such as machinery and computers. :: 030118r

I will ask Congress to eliminate the unfair double taxation of dividends and raise the deduction limit for small businesses that invest in new machinery and equipment. :: 030125r

I will continue to seek a permanent end to the death tax, so that America's small business owners can pass along their life's work to the next generation. :: 030118r

I will send you a budget that increases discretionary spending by 4 percent next year, about as much as the average family's income is expected to grow. :: 030128

I will use this moment of opportunity to bring common sense and fairness to the tax code. :: 000803

If tax relief is good enough for Americans three years from now, it is even more necessary today, when our recovery is not as strong as it should be. :: 030118r

If tax relief is good enough for Americans three years from now, it is good enough for Americans today. :: 030107

If this tax relief is good for Americans three or five or seven years from now, it is even better for Americans today. :: 030128

instead of gradually raising the child tax credit from 600 to 1,000 per child by the year of 2010, for the benefit of 26 million families, we should raise it now. :: 030107

Instead of waiting until 2008 to move more taxpayers from the 15 percent bracket to the 10 percent bracket, we should make that change now. :: 030111r

Instead of waiting until 2008 to move more taxpayers from the 15 percent bracket to the lowest bracket of 10 percent, we should make that change now and help 2 million working Americans. :: 030107

It's fair to tax a company's profits. :: 030107

It's fair to tax a company's profits. :: 030128

It's not fair to double-tax by taxing the shareholder on the same profits. :: 030107

It's not fair to tax the same earnings twice, once when you earn them and again when you die, so we must repeal the death tax. :: 010227

It gives guidance on what you can and cannot do with taxpayers' money. :: 021212

It is not fair to again tax the shareholder on the same profits. :: 030128

Jobs are created when the economy grows; the economy grows when Americans have more money to spend and invest; and the best and fairest way to make sure Americans have that money is not to tax it away in the first place. :: 030128

Kennedy and Ronald Reagan, advocated tax cuts to, in President Kennedy's words, "get this country moving again. :: 010227

Last year we passed the biggest tax cut in a generation, which encouraged job creation and boosted consumer spending at just the right time. :: 020709

Last year, some in this hall thought my tax relief plan was too small; some thought it was too big. :: 020129

Lower taxes and greater investment will help this economy expand. :: 030128

Many working Americans do not have health care coverage, so we will help them buy their own insurance with refundable tax credits. :: 010227

More jobs mean more taxpayers and higher revenues to our government. :: 030128

Much of the growth we have seen this quarter is the result of consumer spending, fueled by well-timed tax deductions. :: 020430

My administration must decide whether to allow federal funds, your tax dollars, to be used for scientific research on stem cells derived from human embryos. :: 010810

My administration will give taxpayers new incentives to donate to charity, encourage after-school programs that build character, and support mentoring groups that shape and save young lives. :: 000803

No one should pay more than a third of the money they earn in federal income taxes, so we lowered the top rate to 33 percent. :: 010227

Now is the time to reform the tax code and share some of the surplus with the people who pay the bills. :: 000803

Our budgets have been balanced, with surpluses, and we cut taxes not only once, but twice. :: 000803

Our economy grows when the tax burden goes down, and stays down. :: 020430

Our government should not tax and thereby discourage marriage, so we reduced the marriage penalty. :: 010227

Overall, my tax cut proposals will add nearly 59 billion to the economy in 2003 alone. :: 030111r

Overall, this growth package will reduce the tax burden of Americans by 98 billion this year and 670 billion over the next decade. :: 030107

People with the smallest incomes will get the highest percentage of reductions, and millions of additional American families will be removed from the income tax rolls entirely. :: 010227

Right now, complicated tax rules punish hard work. :: 010227

See, by ending double taxation of dividends, we will increase the return on investing, which will draw more money into the markets to provide capital to build factories, to buy equipment, hire more people. :: 030107

So I propose allowing all taxpayers, whether they itemize or not, to deduct their charitable contributions. :: 010227

So I want to work with you to give our economy an important jump start by making tax relief retroactive. :: 010227

So I will continue to press the Congress to make these tax cuts, including the end of the death tax, permanent. :: 030107

So I worked with the United States Congress to reduce income taxes for everyone who pays them -- more than 100 million individuals, families, and sole proprietorships received tax relief. :: 030107

So today I'm asking Congress to speed up three other tax reductions promised in 2001 -- tax reductions that will help our middle-income families. :: 030107

So today, for the good of our senior citizens, and to support capital formation across the land, I'm asking the United States Congress to abolish the double taxation of dividends. :: 030107

So we acted -- we reopened the markets; we helped the people of New York City recover; we assisted the airlines; we provided tax incentives for business investment; and we passed terrorism insurance, so building and real estate projects could go forward. :: 030107

So we will abolish the death tax. :: 000803

So we will lower the bottom rate from 15 percent to 10 percent and double the child tax credit. :: 000803

So we will reduce tax rates for everyone, in every bracket. :: 000803

Some say my tax plan is too big. :: 010227

Steven and Josefina tell me they pay almost 8,000 a year in federal income taxes. :: 010227

Taken together, these income tax cuts will put an additional 70 billion to work in the private economy over the next 18 months. :: 030107

Tax relief is right, and tax relief is urgent. :: 010227

That growth will bring the added benefit of higher revenues for the government -- revenues that will keep tax rates low, while fulfilling key obligations and protecting programs such as Medicare and Social Security. :: 030107

The benefits of this tax relief will be felt throughout the economy. :: 030107

The chairman of the Federal Reserve has testified before Congress that tax cuts often come too late to stimulate economic recovery. :: 010227

The last time taxes were this high as a percentage of our economy, there was a good reason … We were fighting World War II. :: 000803

The recession and the decline in the stock market slowed earnings and cut into tax revenues and created a budget deficit. :: 030107

The result of this double taxation is that for all the profit a company earns, shareholders who receive dividends keep as little as 40 cents on the dollar. :: 030107

The tax cuts should be retroactive to January 1st. :: 030107

The tax relief already planned for later in this decade should be made effective this year, including income tax reduction, marriage penalty relief, and an increase in the child tax credit. :: 030125r

the time to deliver the tax rate reductions is now, when they can do the most good for the American businesses. :: 030107

The way out of this recession, the way to create jobs, is to grow the economy by encouraging investment in factories and equipment, and by speeding up tax relief so people have more money to spend. :: 020129

Then it taxes the investors who receive the profits as dividends. :: 030107

These tax reductions will bring real and immediate benefits to middle-income Americans. :: 030107

This allows us to explore the promise and potential of stem cell research without crossing a fundamental moral line by providing taxpayer funding that would sanction or encourage further destruction of human embryos that have at least the potential for life. :: 010810

This reform will be welcome relief for America's small businesses, which often pay taxes at the highest rate. :: 010227

This tax relief is for everyone who pays income taxes, and it will help our economy immediately. :: 030128

This tax relief was the largest in a generation, and it gave the economy a boost just at the right time, ensuring that the recession was one of the shortest and shallowest in modern American history. :: 030107

those who spend your tax dollars must be held accountable. :: 000803

To boost investor confidence, and to help the nearly 10 million seniors who receive dividend income, I ask you to end the unfair double taxation of dividends. :: 030128

To bring our economy out of recession, we delivered the largest tax relief in a generation. :: 030128

To encourage growth in job creation, we must protect the lower tax rates we've enacted, and we must make them permanent. :: 020430

today -- today I want to talk about these concerns: Americans carry a heavy burden of taxes and debt that could slow consumer spending. :: 030107

Today, our high taxes fund a surplus. :: 000803

Together we will give Americans the broad, fair and fiscally responsible tax relief they deserve. :: 001213

Together we will give Americans the broad, fair, and fiscally responsible tax relief they deserve. :: 001214

Two years ago, Congress approved income tax reductions that will not go into full effect until 2006. :: 030118r

Under my budget, discretionary federal spending will rise by 4 percent, about the same as the increase in family incomes. :: 030125r

Upon passage I'll order the Treasury Department to immediately adjust the amount of money withheld for income taxes, so that Americans will keep more of their paychecks right away. :: 030107

We all must pursue pro-growth policies that encourage greater productivity, reduce tax burdens while maintaining fiscal responsible and stable prices. :: 010717

We also know that middle-income families need additional relief. :: 030107

We become more than taxpayers and occasional voters, we become citizens. Citizens, not spectators. :: 020430

We can begin by treating investors fairly and equally in our tax laws. :: 030107

We know that tax cuts worked, and Americans deserve to know their tax cuts will not be taken away. :: 030107

We should also strengthen the economy by treating investors equally in our tax laws. :: 030128

We simplified the tax code by reducing the number of tax rates from the current five rates to four lower ones: 10 percent, 15, 25 and 33 percent. :: 010227

We will give low-income Americans tax credits to buy the private health insurance they need and deserve. :: 000803

We will transform today's housing rental program to help hundreds of thousands of low-income families find stability and dignity in a home of their own. :: 000803

When Congress acts, I will direct the Treasury to return this money to taxpayers right away, which will provide immediate help to our economy. :: 030125r

when the checks arrived in the mail, most Americans thought tax relief was just about right. :: 020129

With tax relief, overtime will no longer be overtax time for the waitress. :: 010227

Without reform, this country will one day awaken to a stark choice: either a drastic rise in payroll taxes, or a radical cut in retirement benefits. :: 010227

Yet when the federal government spends tax dollars, we must insist on results. :: 010227

You see, the growing surplus exists because taxes are too high, and government is charging more than it needs. :: 010227