If the economy grew $1, you only get about 17, 18 cents in tax receipts. And this is historic. When we've had high marginal tax rates, low marginal tax rates, The United States gets about 17, 18% of the economy [in tax receipts]. So the secret is grow the economy. Grow the economy. Grow the economy. So what happens when you know you're only going to get about 17, 18% of that GDP … (28:07–28:15)
CLAIM
Asserts that the U.S. collects about 17-18% of GDP in tax receipts.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
