Wednesday, July 13, 2005

Liberals Wrong - Tax Revenue UP!

Sharp Rise in Tax Revenue to Pare U.S. Deficit - New York Times
Well what do you know -- what the conservatives have been saying about the tax cuts is correct. What a shocker, at least to liberals, cutting taxes equals greater economic activity.
WASHINGTON, July 12 - For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.
On Wednesday, White House officials plan to announce that the deficit for the 2005 fiscal year, which ends in September, will be far smaller....

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