On the recordMarch 20, 2024
We have never in the history of the country raised more than roughly 18 percent of our GDP in Federal revenues.
Source
congress.govWe have never in the history of the country raised more than roughly 18 percent of our GDP in Federal revenues.
Braun discusses historical federal revenue limits and economic implications.
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I would wonder who would probably try to challenge it when there’s broad buy-in from current state government.