Congressional Budget Committee chairs Rep. Paul Ryan and Sen. Patty Murray are working to finalize a deal on the federal budget. Reportedly, the two are just "a few billion" away from an agreement to fund government and replace the automatic sequester cuts. The deal may also increase government revenue through higher "fees" for airline security and other government services. This idea should never get off the ground.
“That sort of thing is a user fee, it’s not a tax,” said Rep. Tom Cole (R-Okla.), a party to the negotiations. “It’s not something that I would have an objection to as a tax increase. But we’ll see where [Ryan and Murray] end up.”
Calling higher government revenue a "fee" rather than a "tax" is mostly a distinction without a difference. Money to pay a fee still comes from a consumer's wallet, not some magical "fee" account.
Calling higher government revenue a "fee" rather than a "tax" is mostly a distinction without a difference. Money to pay a fee still comes from a consumer's wallet, not some magical "fee" account.
Reportedly, Ways and Means Chairman Rep. David Camp, has briefed several Republican colleagues about the possibility of including "revenue raisers" in any budget deal. As if the federal government had a revenue problem.
According to the Congressional Budget Office, government revenue currently equals about 15% of GDP. Next year, the amount the government takes out of the economy will spike to 17.5%. Over the next two decades, the government's take will gradually increase to equal 19.5% of the economy, higher than its historical average. Over the past 4 decades, government revenue has averaged 17.5% of the overall economy.
If anything, the government should be trimming its revenues.
Via: Breitbart
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