Even with tax revenue lower than it’s been in more than half a century, Congressional Republicans continue to insist that, “We don’t have a revenue problem. We have a spending problem.” Sen. Orrin Hatch went so far yesterday as to claim that raising taxes just on the richest two percent of Americans would turn the U.S. into “a second-rate nation.”
As Center for American Progress Director of Tax and Budget Policy Michael Linden pointed out today, contrary to Republican pronouncements, the U.S. is actually a very low-tax country. “Deficits do not stem from spending levels alone. They are the product of a mismatch between spending and revenue. And when revenue is as low as ours is, you end up with big deficits,” he explained. Here are some charts proving that the U.S. is, in fact, a low-tax country:
You can find 10 charts showing that the U.S. is a low-tax country here. Despite this overwhelming evidence, Republicans have outright refused to consider any new revenue during negotiations with Vice President Biden and Congressional Democrats over a deficit reduction package.