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Jul 24 2012

Former Senate Budget Committee Chairman Gregg on Need for More Revenue

Former Senate Budget Committee Chairman Gregg on Need for More Revenue

Chart appeared in: Floor Speech on Middle Class Tax Cuts (July 24, 2012)

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Former Senate Budget Committee Chairman Gregg on Need for More Revenue DRAFT_FS_Tax Relief_July_Page_7.jpg (352.8 KBs)

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7/26/12 -

Spending and Revenues 1950-2012
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Eurozone Economy Slowing
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Recoveries Take Longer
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Economic Crisis of 2008-2009
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Increase in After-Tax Income From Tax Expenditures
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Historical Average for Revenues is Not a Useful Benchmark
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Current record
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Spending and Revenues 1950-2012
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Middle-Class Tax Relief Act of 2012
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