We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

In 1913 for reasons unknown to mankind, they established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government.

We passed massive tax cuts to bring back jobs and factories home from other countries. We've cut a record number of job-killing regulation. We ended the war on American energy. And the United States is now the number-one producer of oil and natural gas anywhere in the world, by far.

From his understanding of wealth and poverty came his understanding of labor and capital, which led him to the solution of trusteeship based on the belief that there is no private ownership of capital; it is given in trust for redistribution and equalization. Similarly, while recognizing differential aptitudes and talents, he holds that these are gifts from God to be used for the collective good.

I had a good mind to discontinue permanently the supply of grain to the city, reliance on which had discouraged Italian agriculture, but refrained because some politician would be bound one day to revive the dole as a means of ingratiating himself with the people.

In the new form, there will now be only 5% and 18% tax slabs. This means that most everyday items will become cheaper. Food items, medicines, soap, brush, paste, health and life insurance, many such goods and services will either be tax-free or only a 5% tax will have to be paid. Out of the goods which were earlier taxed at 12%, 99% of the items have now come under the slab of 5% tax.