The Best Kept Secrets in the Tax Cut Debate

Don’t look for this data in the establishment media.

As the chart shows tax revenue is growing again, as the private sector claws back from recession.

President Obama and the Democrats blame their massive deficits on the Bush tax cuts, especially for “the rich.”  The political-media establishment rarely reports that:

  • Individual income tax revenue increased four years in a row, to an all time high after the current tax rates, called the Bush Tax Cuts, were enacted in 2003.
  • Under the current tax rates individual income tax revenue increased 47% from 2003 to 2008
  • Tax revenue from “the rich” earning over $200,000 grew 71% from 2003 to 2008

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