[In Maryland]

Am I the only one on the planet who recalls that when the Bush "Tax Cuts" took effect, it lead to the greatest collection of tax REVENUE for a single month (April, 2007)?

http://www.cbsnews.com/stories/2007/05/10/national/main2787123.shtml

Now tax revenues have tanked due to the uncertainty of what taxes we will have to face in the coming year - no sane businessman is expanding when he doesn't know what his costs will be, and many investors are moving their money where he can shelter it from new taxes (i.e. gold), rather than expand businesses. And they think this will help the economy, how?

Someone grab Art Laffer, give him a crayon and a napkin, and send him to the White House to explain basic macro-economics to the President!

[21twelve]

I just posted the same thing on another thread. I like to mess with liberal’s brains asking them that question.

“But, you just said he did a tax CUT! Then how can taxes go up!?”

“Not the taxes went up - the REVENUES, the gov’t got more money coming in”.

“That’s IMPOSSIBLE. How can you lower taxes and get more money in?! Your’re an idiot - I’m voting for Obama and he will make things all better.”

Of course with Obama in now, it makes it a bit easier to explain the revenues thing. “Okay, under Bush, 4.6% of the folks were unemployed. And not paying taxes. Now almost 10% are unemployed and not paying taxes...”