We don’t have a revenue problem – we have a spending problem that gives us these huge annual deficits leading to a $20 Trillion national debt (reformatted, emphasis mine).
Real federal spending in fiscal 2017, which ended on Sept. 30, was higher than in any year in the history of the United States other than fiscal 2009, which was the year that President Barack Obama’s $840 billion stimulus law was enacted. Fiscal 2017 also saw the second highest real federal individual income tax totals of any year in U.S. history, according to the Monthly Treasury Statement released today. Total federal tax revenues were the third highest in U.S. history.
(H/T: CNSNews)
