Tax Cuts and Increased Revenue

The Laffer Curve lives on. Stephen Moore outlines in today's WSJ how the Bush tax cuts have not only caused an increase in government tax revenue, but have also boosted state coffers to the tune of $50 billion due to the economic expansion caused by the tax cuts.

Yes, we saw this same story after the Reagan tax cuts, and yes, we also saw a Congress who could not control their spending ways and who created deficits. But the deficits were not caused by the tax cuts as often charged by Liberal pseudo-economists quoted in the N&O.

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