Bartlett: Tea Partiers Clueless About Taxes
Posted in Main Blog (All Posts) on March 21st, 2010 4:55 am by HL
Bartlett: Tea Partiers Clueless About Taxes
Tea Party members are misinformed about taxes, Bruce Bartlett writes in Forbes “According to the CBO, the highest figure for all federal taxes since 1970 came in the year 2000, when they reached 20.6% of GDP. As we know, after that George W. Bush and Republicans in Congress cut federal taxes; they fell to 18.5% of GDP in 2007, before the recession hit, and 17.5% in 2008. Tuesday’s Tea Party crowd, however, thought that federal taxes were almost three times as high as they actually are. The average response was 42% of GDP and the median 40%. The highest figure recorded in all of American history was half those figures: 20.9% at the peak of World War II in 1944.”
