Obama Tax Hikes Drive Federal Tax Revenue Above $3 Trillion for First Time Ever
“The Treasury Department released this month figures showing that federal tax revenue exceeded $3 trillion in fiscal year 2014—the first time revenue surpassed that mark.
Yet the deficit was still almost $500 billion.
Clearly, the government continues to spend too much. We should tax enough to fund the legitimate functions of government, like national defense, homeland security, public health and others, but no more.”
The focus on the deficit is needed but more important is the debt.
A fall in the deficit results in an increase in the debt. Debt reduction not deficit reduction should be the goal.
Yeah couldn’t have anything to do with GDP increasing... Has to be the tax hikes... SMDH
Interesting, they’re talking about how after the Obama tax hikes revenue increased at what comes out to 7% more per year. They should mention that the Bush tax cuts made revenue increase by 11% yearly.