Re: OT Tax Cuts increase revenue/cut deficit

Scott in Florida wrote:
On Sat, 8 Jul 2006 23:07:55 -0400, "FanJet" <FanJet27@xxxxxxxxxxx>
wrote:

badgolferman wrote:
Scott in Florida, 7/8/2006,8:51:09 PM, wrote:

WASHINGTON, July 8 - An unexpectedly steep rise in tax revenues
from corporations and the wealthy is driving down the projected
budget deficit this year, even though spending has climbed sharply
because of the war in Iraq and the cost of hurricane relief.

Surprise, surprise, surprise.

Tax cuts for the rich? Or is it really tax cuts for the American
economy?

Where the hell is dizzy now? Let's hear the spin on this one.


No need. Both feet in his mouth (as usual), Scott has alerady taken
care of this:

"Both supporters and critics of Mr. Bush cautioned against
attributing much long-term significance to the recent fiscal
improvement, in part because tax revenues have become more volatile."

"Compared with the size of the economy, tax revenues are still below
historical norms and far below what the [bush] administration
predicted as recently as 2003."

The article is left leaning....trying to spin it....

The facts remain...

tax cuts = increased revenue + more jobs

Comprehension, Scott, *comprehension*.


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