Ten Myths of the Bush Tax Cuts

Some things the left won’t tell you:

Current tax revenues of 18.4% of GDP are now above the historical average.

The 2006 tax revenues of $2,407 billion were $47 billion above the level projected by CBO before the 2003 tax cuts, and just $58 billion below the level projected by CBO in 2000, before the 2001 tax cuts.

Capitals gains tax revenues have more than doubled to $103 billion since the 2003 capital gains tax cuts.

We don’t need tax hikes; we need spending cuts, especially on middle class entitlements, corporate welfare, and agricultural subsidies.