On the recordMarch 7, 2007
We talk about the Suburban Agenda, what is in it, which is pro-school, pro-health care, pro-environment legislation, and what is not, which is a tax increase on the American people. There is the argument that is made very often here in Washington that the only way to cure our financial woes is a tax increase. But if I remember, looking back at the record of the 1970s, even when Congress did raise taxes, for every dollar in taxes that it raised against the American people, it spent another $1.08 in new spending. So the record of those years was that, even though we were raising taxes, spending here in the Congress went up even faster, and so our deficit woes became worse.
Source
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