Friday, March 22, 2013

PolitiFact | Kevin McCarthy says federal government has more revenue now than ‘any other time’



PolitiFact | Kevin McCarthy says federal government has more revenue now than ‘any other time’: "The government will pull in 16.9 percent in 2013, lower than the average over the last 40 years, according to the Congressional Budget Office. That’s not more money than at "any other time," as McCarthy said.

What about in 2015, when the government is projected to bring in 19.1 percent?

That’s still lower than revenue as a percentage of GDP in seven years of the last 40 — also not more money than at "any other time."

Federal revenue as a percentage of gross domestic product

1981: 19.6 percent
1982: 19.2 percent

1997: 19.2 percent
1998: 19.9 percent
1999: 19.8 percent
2000: 20.6 percent
2001: 19.5 percent
"

'via Blog this'

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