Additionally, that graph assumes that the Bush tax cuts were only negative, that they could only drag down the deficit, not reduce it. The facts are - broad cuts in income tax rates tend to accelerate the GDP growth and more than compensate for themselves in total revenue growth.
One needs look no further than the massive increases in Federal revenue after the Bush tax cuts to see that they were - in fact - the Bush tax increases! The tax rates were cut, but the total tax dollars collected were increased (because of the massive growth in GDP). Tax rate cut, total tax increase.
But your graph doesn’t show that - it just looks at the “negative” part of the Bush tax cuts and ignores the gains made from those cuts. Your graph feeds right into the Democrats mantra of “tax cuts for the rich” as harmful to the overall economy and a cause of our deficit.
Want me to continue?
I don’t like the Bush tax cuts as always negative either. That’s what the CBO assumes. I copied it over without editorializing. It’s pretty clear from the graph that the “Economic Effects” track with the S&P500 and that which helps the economy helps government revenue.