The Wisdom of the "Bush Tax Cuts"...

Lorie Byrd links to the WaPo story that reports - surprise, surprise - tax receipts went UP this year. What the Post doesn't get - yet again - is that they went up because of Bush's tax policy not in spite of it. As to why the headline isn't "Dems wrong on Bush Tax Cuts", Lorie explains:

Since news like that in the Washington Post today flies in the face of the rhetoric we have heard from Democrats for years (actually decades) it should be big news when they are shown to be wrong. But it wonÂ’t be. Instead we will read about how this is an anomaly and it will be explained by a million other factors. The fact that reduced tax rates often result in increased revenue is something that may never be recognized by the followers of Paul Krugman.

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