Taxes Were Cut, But Revenues Went Up

Bowyer, Jerry
June 2006
Human Events;6/19/2006, Vol. 62 Issue 21, p5
The article focuses on the outcome of a bill signed by U.S. President George W. Bush that accelerated income tax cuts on individuals and reduced dividend tax rates in fiscal 2003. The federal government gained less than $1.2 trillion in revenues during the period. Tax revenues for fiscal 2006 are $386 billion ahead of tax revenues for fiscal 2003. Personal income tax revenues have increased by 14%.


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