John Campbell: “Yes, we have had increased tax revenues every year. In fact, all but…”

On the recordFebruary 26, 2008

Yes, we have had increased tax revenues every year. In fact, all but one year out of the last 4 years it has been double digits, in other words, 10 percent or more. That's pretty good. I think a lot of Americans out there would love to see their paycheck rise by 10 percent a year. Well, the Federal Government's paycheck has been rising by that amount over the last 4 years, but we've continued to spend money. And so now revenue is dropping off a little bit, the increases aren't quite as big as they were the last 4 years, but government spending has proposed to keep on trucking, keep on going up. And that's why you're going to see this deficit nearly double, probably more than double.

Said by

John Campbell

California

Source

govinfo.gov

Editor's note · Context

Discussing tax revenues and government spending during a floor speech.

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John Campbell: “Yes, we have had increased tax revenues every year. In fact, all but one year out of the last 4 years it has been double…”

Editor's note · Context