The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction. (Thomas Sowell)

The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.

Thomas Sowell

Related topics

assumption based budget direction making move office tax rates

Related quotes

Men are not really born either hopelessly idle, or preternaturally industrious. They may move in one direction or the other as will or circumstances dictate, but it is open to any man to work. View quote
Max Aitken, 1st Baron Beaverbrook
HALF of America pays NO taxes. Zero. So they're happy for tax rates to be raised on the other half that DOES pay any taxes. View quote
Rick Warren
It is a curious fact that with Through the Looking-Glass the faculty of making book illustrations departed from me. ... I have done nothing in that direction since. View quote
John Tenniel
America's corporate and political elites now form a regime of their own and they're privatizing democracy. All the benefits - the tax cuts, policies and rewards flow in one direction: up. View quote
Bill Moyers
It will be sufficient to point to the enormous burdens which armaments place on the economic, social, and intellectual resources of a nation, as well as on its budget and taxes. View quote
Ludwig Quidde