Combination Quote by Bobby Scott
“If we increase spending, we have got to raise taxes or any combination.”
About This Quote
Source Speech: Congressional hearing, 1970s
Increasing spending requires either higher taxes or a mix of fiscal tools.
In simple terms: More spending needs more revenue.
Plan balanced budgets.
Themes
Mood
Type
When to use this quote
- government
- business
- personal finance
Key Concepts
Questions to Reflect On
- What alternatives to taxes exist?
- How to prioritize spending?
Tax hikes may face public resistance.