On the recordFebruary 11, 2013
If we would just return to a normal economy, which we had in 2007, when revenue generation was 18.5 percent of our economy, that would add an additional $435 billion per year.
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congress.govIf we would just return to a normal economy, which we had in 2007, when revenue generation was 18.5 percent of our economy, that would add an additional $435 billion per year.
Johnson argues for returning to pre-recession economic conditions to boost revenue.
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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.
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