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Tax Cuts for Rich Result in Huge...

Tax Cuts for Rich Result in Huge Increase in Tax Revenue

By: Magnolia Tribune - May 8, 2006

Do not tell the liberals this [PDF], or soon they’ll be screaming for more tax cuts:

Receipts of corporate income taxes have grown the most rapidly so far this year – by about $40 billion, or almost 30 percent. Receipts of individual income taxes have increased by more than $55 billion, or 10.2 percent, and receipts of social insurance taxes have risen by $32 billion, or 7.2 percent.

Hmmm…. tax cuts result in higher tax revenue, paid mainly by corporations and high-income individuals. More revenue for government programs. And by the way, what’s that horrible odor? Smells like gears grinding, up Fondren way…

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.