MartiniPundit

Random thoughts and insights – always shaken, never stirred

Tax Receipts Up

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Proving once again that cutting taxes results in growth resulting in higher tax receipts. As if there could be any doubt after the 80s. From the WaPo:

The Treasury Department this week reported there would be a $54 billion swing from projected deficit to surplus in the April-to-June quarter, after an unanticipated gush of tax payments poured into the Treasury before the April 15 deadline. That prompted private forecasters to lower their deficit projections for the fiscal year that ends in September.

So, when do I get my money back?

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Written by martinipundit

May 5, 2005 at 9:38 am

Posted in Economy, Politics

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