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?
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?

