Ed Royce: “next week on July 4, the American people will celebrate 220 years of independence from Great Britain, but they will also…”

“next week on July 4, the American people will celebrate 220 years of independence from Great Britain, but they will also celebrate the fact that their liberation from $3.3 trillion in total costs and regulations that it takes 6 months to pay. It was not always so. If we went back to the 1960's, we would see that the Federal tax rate then was 12 to 13 percent. It has doubled since then to 25 percent. When we add the regulations cost, when we add the State cost, it brings it up to almost 50 percent. Now that is the cost of increased Government spending. That is why some of us fight to reduce wasteful Government spending on this floor. Let us reduce the burdens which we have placed upon the American worker. Let us reform the overgrown Government agencies and roll back senseless and burdensome regulations. Let us grant the American worker the independence that he or she deserves from the Federal Government.”