The NY Times is missing the whole point of tax cuts, which are not intended to raise government revenue but are intended to increase the disposal income of Americans. Big growth in government tax revenue is bad, not good, because it inevitably leads to big growth in government programs, government spending, and government control of our lives. The Times also appears to be factually incorrect in this statement because they appear to be assuming that the current business cycle and per capita government revenues have peaked. There's no economic evidence to support that assumption.
"Much of the increase in tax receipts is from corporate profits, high-income investors and super high-earning executives, sources that are just as unpredictable as the financial markets to which they’re inevitably linked."
False statement implied here: corporate profits are not generated by events in the financial markets. The reverse is true: the financial markets are driven by the growth rate of corporate profits. Much of the revenue increase is also from the increased income of small businessmen, which is not linked to the financial markets.
Does anyone at the NY Times know anything about economics, or did they all go to journalism school and just learn how to write?
Your analysis is right on...but you're wasting bandwidth. For the NYT and the left....an increase in disposable income means more power for individuals, and less Federal dependency. In otherwords, good for you and me ...bad for them. Quite seriously, the Democrats see their opportunity only in our misery...and hence their stand on the war on terror.