Still, he admits that without new revenue, tax reform is “nearly impossible”.

当然，他也承认如果没有新的税收来源，税制改革“近乎天方夜谭”。

A budget deficit is when the government spends more than it bring in tax revenue in a given year.

预算赤字指的是政府在某一特定年份里，支出超过税收收入。

A larger workforce also increases government tax revenues, which can then be invested back in infrastructure and medical care.

更多的劳动力也增加了政府的税收收入，然后可以将其投资于基础设施和医疗保健。

Now the petroleum revenue tax will be reduced from 50% to 35%, and a supplementary corporation tax will come down from 30% to 20%.

如今石油收益税率将从50%降到35%，企业所得附加税将从30%降到20%。

Of course, there's a limit to how much the government can cut taxes: at a zero tax rate there is no tax revenue regardless of how much people are working.

当然，政府能减多少税也是有限制的：税率为零时，不论人民做多少工作，都不会有税收。

With the start of the Great Depression in 1929, the government sorely needed the tax revenue from alcohol sales, and believed that lifting Prohibition would stimulate the economy.

随着 1929 年大萧条的开始，政府迫切需要酒类销售的税收，并相信解除禁酒令可以刺激经济。