Dear All;
"Who would impose such a socialistic confiscatory rate?" US Senator Borah R-Idaho (1916) denying an income tax could exceed 9%.
David Gergen, advisor to multiple presidents of both parties, on the
size, scope, and growth of government:
- Spending by federal,
state, and local govt has grown from 24% of GDP in 1950 to 44% now.
- 60% of Americans receive more government benefits than they pay in
taxes
- 47% of US households pay no income
taxes.
- The federal government has a quarter of a million employees to write and enforce regulations.
Ron Getty