Rod Blum: “The only time I hear some of my colleagues express their concern about the deficit is when this body is considering…”

“The only time I hear some of my colleagues express their concern about the deficit is when this body is considering policies to let hardworking American families keep more of their hard-earned money. This is not the government's money. It is the people's money. They earned it. If tax revenues to the government are a concern, then certainly we should pass tax cuts. After President Kennedy cut tax rates, revenues to the government increased from $95 billion to $280 billion. After President Reagan cut tax rates, revenues to the government increased from $600 billion to $1.35 trillion. Furthermore, annual GDP growth rates increased into the 4 to 5 percent range following these tax cuts. We are going to witness this increase in economic growth again under President Trump with a tax bill this House will consider later this week. As Ronald Reagan said: ``We don't have a trillion-dollar debt because we haven't taxed enough. We have a trillion-dollar debt because we spend too much.'' ____________________”