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Richard Neal: “You had the collapse, but you also had $2.3 trillion taken…”

Featuring: Richard Neal, Democratic | U.S. House Massachusetts, 1st Congressional District

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To The Point: Talking Taxes with Rep. Richard Neal

Published | Video Starts at 06:37

But this is what they're telling all of us. It didn't happen in 2001, 2003 tax cuts. In fact, we saw what the result of that was. You had the collapse, but you also had $2.3 trillion taken out of the federal revenue stream. And then if you recall, by the time we got to 2004, the other idea that was going to be about pro growth economics was repatriation. So there was a significant tax holiday. (06:37–06:43)

CLAIM

Asserts that $2.3 trillion was removed from the federal revenue stream.

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