The Bush tax cuts in 2001 and 2003 led to a permanent loss of Federal revenue. Here's a chart from Karl Smith that makes it pretty clear:
Monday, July 19, 2010
YES, SUPPLY-SIDE TAX CUTS FAILED AGAIN
(h/t Kevin Drum)
The Bush tax cuts in 2001 and 2003 led to a permanent loss of Federal revenue. Here's a chart from Karl Smith that makes it pretty clear:
The Bush tax cuts in 2001 and 2003 led to a permanent loss of Federal revenue. Here's a chart from Karl Smith that makes it pretty clear:
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