I Will Continue to Continue, to Pretend.... Message Board

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Politics : I Will Continue to Continue, to Pretend....

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To: Sully- who wrote (19639)	5/10/2006 1:12:07 PM
From: Sully-	Read Replies (1) of 35834

The Republicans in Congress Wise up on Taxes Betsy's Page The House and Senate Republicans have reached a deal on extending Bush's tax cuts. The measure will be filibuster proof. Now if only the GOP can articulately defend the cuts as having done much to fuel the economic growth we've seen in the past couple of years. For example, here are some results from the 2003 cuts. <<< Let's see if we can get this straight: When tax revenues fall and budget deficits go up, it's bad news. But when tax revenues rise and deficits decline, it's still bad news. At least that seems to be the way a sizable chunk of Washington is reacting to this week's report from the White House budget office that the federal deficit is down by nearly $100 billion this fiscal year, that the deficit as a share of GDP is down to 2.7% (very near its historical average), and that this is all happening because tax receipts are surging by more than 14%. Uncle Sam is having a better year so far than even Paris Hilton, but half of the Beltway is depressed. >>> betsyspage.blogspot.com washingtonpost.com opinionjournal.com

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