Archive for December, 2012

Bush Tax Cuts Increased Revenue

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Update: Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2017

CBO report from May 2007.

If you’re confused about increased revenues resulting from decreased tax rates, please read up on the Laffer Curve. I’ve got plenty of issues with Bush, but, hey, if you’re going to spend too much, at least he increased revenue to offset part of his debt.

h/t iOwnTheWorld

 

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