Political Quotes

Mark Neumann: “The average increase in revenue to the Federal Government over the last 3 years was 7.3 percent. Inflation is only 2…”

On the recordJuly 8, 1997
The average increase in revenue to the Federal Government over the last 3 years was 7.3 percent. Inflation is only 2 rac{1}{2}, 3 percent. So it is going up at over twice the rate of inflation. Revenue to the Federal government. This is the amount of money that came in this year compared to last year; 5-year average, 7.3 percent increase; 10-year average, 6.2; 17-year, bottom line revenue to the Federal Government has been growing at a very significant rate over the last 17 years. It has not been revenue that is the problem. The problem has been spending that is out of control. This chart also shows that the budget agreement that we signed, a lot of people said it was pie in the sky, it was not.
Said by
Mark Neumann
Wisconsin
Source
govinfo.gov

Editor's note · Context

Discussing federal revenue growth and spending issues.

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