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…
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More Like This
More From This Author
Previous Story