Showing posts with label revenue. Show all posts
Showing posts with label revenue. Show all posts

Sunday, October 28, 2012

Why Do We Need Higher Taxes on Anybody?

Government revenue as a percentage of GDP is 35%.  It was only higher four times, ever, all in the past fourteen years.




Actual revenue is as high as it's ever been. 



We don't have a revenue problem, we have a spending problem.  If anything we need to lower taxes to stimulate economic activity, as well as cut spending dramatically to eliminate the deficit.