All True statements involving Mark Warner
The U.S. would gain revenue by cutting personal income tax rates in half and ending tax breaks.
"Right now we are spending at an all-time high, close to 25 percent of our GDP [is] being spent on the federal government. But our revenues are at an almost all-time low of about 15 percent [of GDP]."
"There used to be 16 workers for every one person on Social Security. ... Now it’s three."
The U.S. loses more on tax breaks than it collects in personal income taxes.
The national debt grew an estimated $15 billion last weekend.
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