More proof that tax cuts work
Via AP/Yahoo, in an article that tries to blunt the message as best as possible:
WASHINGTON - The federal deficit appears on track to register less than $300 billion for the budget year ending Sept. 30, as surging tax revenues continue to signal significant improvement over White House estimates released in February — though only modest gains over last year.
Modest, eh? Later in the article:
Indeed, tax collections are surging at a 13 percent growth rate, reflecting particularly strong growth in taxes paid on corporate profits and income taxes paid by wealthier people and small businessmen who pay taxes quarterly instead of having them withheld by employers.
Since when is 13 percent "modest"? For those of you in the "we can't afford tax cuts" club, please stop lying about the effect of tax cuts. Spending is the problem.
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