On the recordSeptember 27, 2023
Even when the other side of the aisle, I've had the argument with Senator Van Hollen, we've never been able to generate much more than 18% of our GDP in tax revenue.
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congress.govEven when the other side of the aisle, I've had the argument with Senator Van Hollen, we've never been able to generate much more than 18% of our GDP in tax revenue.
Discussing the challenges of increasing tax revenue in bipartisan discussions.
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The amount that they’re looking to reduce spending is about 1.3%. It’s a rounding error. It’s completely inadequate.