Todd Tiahrt: “in 1980 the Federal revenue was about $500 billion. We then had the Reagan tax cuts, and by 1990 the Federal revenue was…”

“in 1980 the Federal revenue was about $500 billion. We then had the Reagan tax cuts, and by 1990 the Federal revenue was over $1 trillion. It doubled in a decade. Mr. Speaker, if we could double our Federal revenue in the next decade, we would go from an income or revenue of $1.5 trillion to $3 trillion. We could balance the Federal budget with $3 trillion income. However, the opponents to tax relief say you cannot cut estate taxes, which we all know as death taxes. We are taxed all of our lives, and then now we have a tax when people die. We cannot eliminate death taxes, because that is only 1,400 people. We cannot cut capital gains taxes, because that is only the wealthy. We cannot even give tax relief to families, $500 per child, because there is no revenue generated from that. Well, this country can get tax relief. We are taxed too high, and we can do it and still see an increase in the Federal revenue. Do not believe all the demagoguery. Fight for tax relief. I urge my colleagues to vote for tax relief as soon as we can get it to the floor.”