What we saw from the `01 and `03 tax reductions was that the Federal Government's revenue, the money the taxpayers are sending in for us to appropriate and spend on behalf of them at the Federal level, that money has been increasing in double digits every year since we started the tax reductions, which allows our taxpayers to keep more money in their pockets. So, what we saw was we made those reductions, and then the Federal Treasury is bringing in more money from the taxpayers. But what we also saw was that Congress continued to increase the percentage and increase their spending.
Marsha Blackburn: “What we saw from the `01 and `03 tax reductions was that the Federal Government's revenue, the money the taxpayers are…”
Editor's note · Context
Discussing the impact of tax reductions on federal revenue and government spending.
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