Excerpt Of The Day #2: Cutting Taxes Can Bring In More Tax Revenue
“Many people in Washington have long known a dirty little secret about tax-cut measures: When done right, they actually result in more money for the government.
Ever since the Senate approved the last major tax relief bill, in 2003, revenues have increased every year. In 2004, they went up 5.5%. Last year, they rose 14.5%, the largest increase in nearly 25 years.
Total government collections, in fact, increased more after President Bush’s 2003 tax cuts than they did after President Clinton’s 1994 tax hikes.” — Bill Frist