PolitiQuote

Discover video-sourced quotes by politicians

David Schweikert: “Today, 16% of all tax receipts go just interest...in nine…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

Watch on YouTube

It's time to embrace AI and Fix Healthcare Costs

Published | Video Starts at 10:59

Can we change the cost by doing it better, faster, cheaper with technology, our brothers and sisters being healthier because if we don't, we have problems like it's on this chart Today, 16% of all tax receipts go just interest...in nine years, 30% of all US tax receipts go just to interest. And heaven forbid, if we had a one point movement in interest rates, my math is 45% of all tax receipts would go to interest. (10:59–11:16)

CLAIM

Asserts that currently 16% of U.S. tax receipts go to interest, increasing to 30% in nine years.

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.


David Schweikert

Discover more from

David Schweikert

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.