Relying on taxes alone to hold long-term deficits at 3 percent of GDP would require phasing in a 60 percent tax increase on median-income families.
Andy Barr: “Relying on taxes alone to hold long-term deficits at 3 percent of GDP would require phasing in a 60 percent tax increase…”
Editor's note · Context
Barr references a report indicating drastic tax increases needed for deficit control.
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