Claim: House Speaker John Boehner claimed the federal government will take in more revenue this year than any other year in history. That's true in nominal dollars, but not as a percentage of gross domestic product — a measure preferred by most economists that accounts for growth in population, inflation and earnings. In fact, as a percentage of GDP, revenues this year are actually lower than the historical average since World War II. In an interview on CBS Evening News on Feb.
Fact-check: Boehner's Revenue Reach - FactCheck.org
Verdict: house speaker john boehner claimed the federal government will take in more revenue this year than any other year in history. that's true in nominal dollars, but not as a percentage of gross domestic product — a measure preferred by most economists that accounts for growth in population, inflation and earnings. in fact, as a percentage of gdp, revenues this year are actually lower than the historical average since world war ii. in an interview on cbs evening news on feb.
Organisation: FactCheck.org
Author: Robert Farley
Date published: 2013-02-28T17:16:39