21. Federal revenues have been growing almost twice as fast. 22. Federal revenues outpaced both the CPI and economic growth. 23. Federal revenues as a portion of the Gross Domestic Product have never been higher. 24. In particular, they would eliminate the capital gains tax, which would further reduce federal revenues. 25. In the current a flood of federal revenue, many Republicans have abandoned the vows of thrift taken when they won majority control of Congress six years ago. 26. Instead, that money comes out of general federal revenues. 27. Its discipline would kick in hardest during recessions, when federal revenue slumps but the government most needs to keep up critical social spending such as unemployment compensation. 28. Lindsey said the economic slowdown -- not the tax-cut package -- is the reason federal revenues have been growing slower than originally projected. 29. Modest tax cuts targeted in this way would make a fine use of any unclaimed federal revenues. 30. Money would be set aside in the second fund for use when federal revenue falls, as when international oil prices drop, he said. |