A Revenue Enhancement Marker Cheat Sheet

A squeamish summary from Keith Hennessey:

Over the by fifty years federal taxes accept averaged 18% of GDP.

Governor Romney proposes taxes “between eighteen too xix percent” of GDP.

The House-passed (“Ryan”) budget proposes long-term taxes of 19% of GDP.

President Obama’s budget proposes long-term taxes at 20% of GDP.

The Bowles-Simpson innovation proposes long-term taxes at 21% of GDP.

Sumber https://gregmankiw.blogspot.com/