CSPAN3 March 6, 2012
citizens abroad because they can no longer open bank accounts because the things out of dodd-frank make the liability so horrific for foreign banks, they won't take american clients. this is madness. we are doing all these kinds of things thinking we are going to get more tax revenue. we're not. dan is absolutely right. we are taxed out. we're not going to get more than 18% of gdp in tax revenue. we never do over long periods of time. i don't care what the rates are. that's why we had the rates go up and down and the amount of revenue stay just about flat. you can just take a look at...
Source: archive.org