Democrats continue to kick around various spending proposals which could end up costing taxpayers as much as $5.4 trillion over the next decade, even without which the country is set to run a budget deficit right around $3 trillion for the second consecutive year. To justify this extraordinary fiscal expansion, they have continued to point fingers at a familiar scapegoat — the wealthy — claiming America’s budget woes would evaporate should they simply pay their “fair share.” But the latest data on federal revenues clearly puts the lie to this claim.
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