Government Contracts Inflation Update
Procurement Notes
MARCH 16, 2023
75] Looking at the FRED data , it shows a little more variability, but nonetheless affirms ~20% of GDP as a threshold that appears difficult to surpass. [76] 74] Hauser observed that, since WWII, regardless of the tax rates, Federal tax receipts have generally hovered around 19.5% of GDP (call it 20% for the sake of simplicity). [75]
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