Just had this chart up yesterday per effects of tax cuts :facepalm:
Treasury Secretary John Snow released this chart today, showing the growth in federal tax revenues since the 2003 Tax Act.
[click to enlarge]
I will give some odds if anyone wants to wager on what tax increases do to revenue in comparison.
My money is it will do the same as 1/3 of stimulus going for entitlements did to stimulate economy--some very ugly #'s out today and 650,000 were deleted from equations and put in quit looking catagory.
I can say with some certainty-I can think of one tax thats is good for economy.
Can anyone?

[click to enlarge]
I will give some odds if anyone wants to wager on what tax increases do to revenue in comparison.
My money is it will do the same as 1/3 of stimulus going for entitlements did to stimulate economy--some very ugly #'s out today and 650,000 were deleted from equations and put in quit looking catagory.
I can say with some certainty-I can think of one tax thats is good for economy.
Can anyone?