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David Schweikert: “When we've had very low marginal tax rates, we get about 17…”

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

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'If You Are Under 40—I'm A Baby Boomer—I'm Sorry...': David Schweikert Delivers Passionate Warning

Published | Video Starts at 24:08

Because all those things are in front of us. Because the chart after chart after chart basically says, when we've had very high marginal tax rates, we get about 17, 18% of GDP. When we've had very low marginal tax rates, we get about 17, 18% of GDP. When we've done lots of extra corporate taxes, we get 17 to 18% of GDP. The fact of the matter is there's lots of brilliant economic papers and people written their PhD thesis on this. (24:08–24:14)

CLAIM

Asserts that low marginal tax rates also yield 17-18% of GDP.

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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.

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