On the recordMarch 2, 1999
I find it very helpful. For those who think that we have cut taxes too much, a few years ago we had a $90 billion tax cut spread over 5 years because that was the most we could get through at that time. Some of the more liberal Members kicked and screamed about that, but that was spread over 5 years. That was a tax cut of slightly less than 1 percent of Federal revenues over that 5-year period. Now the average person pays about 40 percent of his or her income in taxes and another 10 percent in government regulatory costs, at a minimum. So today you have one spouse working to support the government while the other spouse works to support the family. I know the President said in Buffalo that he could not support a tax decrease because the American people would not spend it wisely. I can say I think they would spend it much more wisely than this wasteful, inefficient Federal Government that we have today.
Source
govinfo.gov
