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Combination Quote by Bobby Scott

“If we increase spending, we have got to raise taxes or any combination.” quote by Bobby Scott
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“If we increase spending, we have got to raise taxes or any combination.”

Bobby Scott

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.

Key Takeaway

Plan balanced budgets.

Themes

economics policy fiscal responsibility

Mood

analytical pragmatic

Type

political educational

When to use this quote

  • government
  • business
  • personal finance

Key Concepts

public finance budgeting

Questions to Reflect On

  • What alternatives to taxes exist?
  • How to prioritize spending?
A Different Perspective

Tax hikes may face public resistance.

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