Since 1980. Theoretically Congress has only raised taxes by just about $500 billion over the last 16 years. The reality is we have increased spending somewhere in the vicinity, in other words, if one took the baseline approach which was at $590 billion a year in 1980 and carried that forward, despite officially raising taxes only by $500 billion, there has been over $5 trillion of increased spending. What is going on? What has really happened is because much of the tax system is on a percentage basis, we have built in automatic tax increases into the Tax Code that generate more and more revenue every year, whether or not the tax increases were legislated. Then on top of those increases, we have added additional increases in taxes in a manner that has always protected the Government, always made the Government look as if we were the innocent party.
Editor's note · Context
Discussing tax increases and government spending during a floor speech.
Share
More from James Longley
the reason we are debating these amendments to this trade agreement today is that we are seeking at least some element of fairness to our shipbuilders. The reason we are debating these amendments is that we believe it is important to…
Mr. Chairman, the Weatherization Assistance Program is used to increase the energy efficiency of residences occupied by low-income individuals. I know that there are a number of changes that many in this body would like to see made to…
I had gone back, actually, and I had mentioned 1975 and Senator Muskie's appointment as chairman of the Senate Committee on the Budget, and that was the year the House Committee on the Budget was established and the Congressional Budget…
This comes back to the point the gentleman from Connecticut made so well several minutes ago, that the easiest thing in the world any of us can do is say, well, we are going to create a program. Sure, we will give you more money, even…





