Democrat Mythology, Part I: Tax Rates and Revenue: "
There have been four major tax reductions since the implementation of the income tax, and every one of them has been followed by increased tax revenue.
by John Hayward at Human Events
EXCERPTS:
This leads to the important myth about tax reduction causing deficits. No belief is more crucial to the Democrat voter. It’s a lie, and giving it up is like unplugging themselves from the Matrix. There have been four major tax reductions since the implementation of the income tax, and every one of them has been followed by increased tax revenue. Yes, that includes the unspeakable Bush tax cuts, as reported in such right-wing propaganda rags as… The New York Times.
Revenue increase after tax relief is strongly influenced by who gets the tax relief. Here’s where the 2006 revenue surge came from, according to the New York Times: “Corporate tax payments are expected to exceed $300 billion, up from $131 billion three years ago. The other big increase is an extraordinary jump in individual taxes that were not withheld from paychecks, usually a reflection of taxes on investment income and executive bonuses.” That’s right, kids – corporations, investors, and executives. In other words, The Evil Rich.
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