Paul Coverdell: “In 1993, the Clinton administration imposed the largest tax increase in American history, $491 billion. That resulted in…”

“In 1993, the Clinton administration imposed the largest tax increase in American history, $491 billion. That resulted in the highest tax burden, 19.3 percent of the entire economy, that is being consumed by Government. So the stage has been set. These are very large numbers, and they tend not to get brought down to what the effects are on everyday folks out here. What is happening is the median income for America's average families is continuing to fall and has been falling for some time. From 1986 to 1993, it dropped $3,800, and continues to fall. These are the reasons. As Government grows, and grows unfettered, the resources have to come from somewhere. The families that are most affected are middle-income families. The very wealthy are able to adjust their lives accordingly. The very poor are using the safety net. But middle America is paying these bills. I am reading from an article that appeared on July 22 in the Atlanta Constitution. It says: To fend off that decline and maintain a middle-class lifestyle, many women who might prefer to remain at home have, instead, entered the workforce. But even that strategy has begun to pay lower dividends.”