Is this the kind of news that could motivate congress into making permanent Bush's tax cuts? The evidence that tax cuts stimulate growth, and revenue, is unequivocal.
I remember many scoffing at supply side champion, Jack Kemp, when he predicted this would happen last year. The supply siders have always been right and this article supports their claims.
More Kemp from last year:
Looking ahead to the next four years, our goal should be economic growth rather than reducing deficits per se. If growth is the goal, then tax increases, trade restrictions and nationalized health care are the wrong choices. If long-term growth is our goal, then we will reject tax-and-spend redistributionist policies masquerading as fiscal discipline; and, if long-term growth is our goal, we will continue to pursue lower tax rates on all Americans, free trade, less regulation, tort reform and entitlement reform. Those are the right choices.
Very well put. Reminds me of how the Patsies are always pushing redistributionist policies masquerading as patriotism.