On the recordFebruary 6, 2024
I appreciate the remarks of the gentleman talking about the state of affairs. We disagree on a number of policies but might actually share some sentiment. I, too, believe that we have significant issues we need to deal with right now with respect to the economy, the state of affairs for American families, hardworking Americans who are getting left behind, Americans who are not of the belief that they can actually achieve the American Dream. We are raising a generation--or now two--who do not believe they will be able to live in an America stronger than the one they have inherited from their parents. That is true. I think the question here is: What is actually the culprit? I think it is worthy to have debate about tax policy and the implications of taxes on corporations and families. Where do you spread the burden? My Democratic colleagues are too often mesmerized by this attack on trickle down and corporate tax rates, and somehow that is blowing a hole into the revenue of the United States Government, which is simply not true. In 2022, the United States Government brought in about 19.6 percent of GDP in terms of revenue to the Treasury. That represented the third highest mark in American history--or among the three highest marks--at a level seen only right after World War II and the end of the dot-com boom and the end of the nineties. Now, why do I bring that up?…
Source
govinfo.gov




