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Notes From the Fieldby Martin Weil

December 27, 2012

More revenue will have to be a part of the solution

Current Federal tax revenues are now running at 15.8% of GDP, at their lowest level in 60 years and far below the 20% level that was the case each time we balanced the national budget.  The GOP solution, as seen in the chart, does not get us close.

From The Washington Post

 

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