I am aiming at is a substantial diminution in actual burden on the direct taxpayer. I believe that this burden is at the present time a grave discouragement to enterprise and thrift and a potent factor in the tendency to high profits. I want to make a real impression upon this.
In this quote, Churchill expresses his desire to significantly reduce the financial burden on direct taxpayers, which he views as a critical issue. He argues that the current tax rates deter individuals from being entrepreneurial and frugal, which ultimately stunts economic growth. The existing strain on taxpayers contributes to an environment where only high profits seem viable, indicating a disconnect between earnings and taxation.
Churchill's aim is to reform the tax system in a way that eases this financial pressure. By alleviating the tax burden, he believes it will encourage investment and savings, leading to a healthier economy. His perspective highlights the importance of creating a conducive environment for enterprise, suggesting that tackling taxation is vital for fostering a more dynamic and prosperous society.
