Unintended consequences
Cry Wolf Quotes
Such a tax inevitably discourages capital investment that is so important for the development of new energy resources. There is a definite psychological effect on investors who know that any success will be subject to a tax that could consume almost the entire profit.
-
Walker Winter, of the U.S. Chamber of Commerce, Statement at the House Committee on Ways and Means.
It would undermine the fabric of our economic and social life by destroying initiative, discouraging thrift, and stifling individual responsibility.
-
James L. Donnelly on Behalf of the Illinois Manufacturers Association, Testimony, House Committee on Ways and Means.
I'm an old man, and I've never seen a feeding frenzy like the one we've had on corporate accountability.
-
Thomas Donohue, President of the Chamber of Commerce
Facing a possibility of 20 years in jail and $5 million fines, executives are going to spend lots of time going over financial statements, and less time creating, innovating and leading,”
-
James Glassman, resident fellow at the American Enterprise Institute
