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Politics : Formerly About Advanced Micro Devices

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To: longnshort who wrote (266272)	12/28/2005 5:38:56 PM
From: tejek	Read Replies (1) of 1575174

Tax Cuts Raise Federal Revenues Federal tax revenues are rising after tax cuts? Yes indeed, and TaxProf highlights the Treasury Dept. graph to prove it. This won't be news to anyone who remembers that tax revenues rose after Reagan cut taxes. For those in denial from the 1980s, this will, of course, be just another set of data to try and ignore or disparage. (And of course next time they'll continue the mantra that tax cuts reduce federal tax revenue, utterly ignoring history.) stonescryout.org; Damn! What is wrong with you? Why don't you link directly to the site with the chart instead of one site removed? All that chart shows is that after 4 years, revenues are back to where they were when the recession started. During those 4 years, the country lost roughly $600 billion in revenue. Only now in 2005 are we starting to make up for lost time. Meanwhile, with the bond yields inverting and the housing boom tapering off, its very possible the country will go back into recession next year. If so, when do you expect we will make up the $600 billion in lost revenue due mostly to Bush's tax cuts???

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