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Want more revenue from taxes? The GDP of the nation has to grow.http://www.cbo.gov/budget/data/historical.pdfPage 4 on the above link shows that from 1968-2007, despite tax rates, tax revenue remains pretty constant, at or around 18% of total GDP.Forgive me Chestnut but I have a tangential question related to your topic:Since so many on the left have rejected supply side economics and have bought into the idea that our economy can be built from "the ground up", I'd like to know exactly how that's done. (Although I doubt any of the Obama supporters have actually bothered to ask for details and could care less about the practicality of such assertions... it just sounds good.)
Want more revenue from taxes? The GDP of the nation has to grow.
http://www.cbo.gov/budget/data/historical.pdf
Page 4 on the above link shows that from 1968-2007, despite tax rates, tax revenue remains pretty constant, at or around 18% of total GDP.
Forgive me Chestnut but I have a tangential question related to your topic:
Since so many on the left have rejected supply side economics and have bought into the idea that our economy can be built from "the ground up", I'd like to know exactly how that's done. (Although I doubt any of the Obama supporters have actually bothered to ask for details and could care less about the practicality of such assertions... it just sounds good.)
