×

Fill out the brief form below for access to the free report.

  • George W. Bush Institute

    Our Ideas

  • Through our three Impact Centers — Domestic Excellence, Global Leadership, and our Engagement Agenda — we focus on developing leaders, advancing policy, and taking action to solve today’s most pressing challenges.

I'm interested in dates between:
--

Issues

I have minutes to read today:

Programs & Issues

Issues

Publication Type
Date
I'm interested in dates between:
--
Reading Time

I have minutes to read today:

"The Taxing Power is Sufficient for Everything You Want and Need"

June 28, 2012 1 minute Read by Amity Shlaes

"The taxing power of the Federal Government, my dear; the taxing power is sufficient for everything you want and need." This quote is more three quarters of a century old. It was uttered, or whispered, by Justice Harlan Stone to FDR's Labor Secretary Frances Perkins. Stone was responding to Perkins's question about how to get her new plans for a national pension program, what we know as Social Security, past the Supreme Court. As we learned today, the Supreme Court has ruled that the health care mandate is acceptable as a tax. “Because the Constitution permits such a tax, it is not our role to forbid it, or to pass upon its wisdom or fairness," Chief Justice John Roberts concluded.