Even More Good News
Investor's Business Daily is noting that increasing tax revenues may reduce the deficit to 2.1% of GDP by the end of the year. This is astounding. Thank you for pointing this out, Arthur Laffer.

So while the Democrats bemoan that Bush's tax cuts have been increasing the deficit, they have actually increased federal tax revenue. So in some sense, the "tax cuts" were actually "tax increases." I wonder why there is no mention of this in the major media outlets?
- posted by Base10 @ 11:02 AM