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re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo

Posted on 3/28/17 at 10:51 am to
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48329 posts
Posted on 3/28/17 at 10:51 am to
quote:

Relative to our expenses our revenue is too low. Absolutely correct.



Regardless of marginal rates, revenue has always sat at about 17% of annual GDP. The best method for increasing revenue isn't increasing rates (which can actually reduce revenue in some circumstances) but to increase economic growth.

And if we are concerned about rate of revenue versus expenditures, it's much easier to reduce expenditures.
This post was edited on 3/28/17 at 10:53 am
Posted by the808bass
The Lou
Member since Oct 2012
111608 posts
Posted on 3/28/17 at 10:59 am to
Hey Antonio, what year did the Federal Government take in record revenues?
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