If you add up Rand Paul’s argument here, it goes something like this: The problem is entitlement spending, not taxes. And if the problem was taxes, then tax increases still wouldn’t make sense because they don’t raise revenues. And if they did raise revenues, they’re not needed anyway because revenues are likely to return to their historical average even without them. And even if you wanted to get revenues above their historical average, it’s not politically feasible because Republicans are already compromising by taking on entitlement spending.
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