Interesting op-ed in today’s Opinion Journal: Rising Tide: Tax Cuts Are Good for Everyone — and Everyone Knows It But Washington Democrats, by Pete Du Point:
Today the Democratic Party is so vehemently opposed to income tax cuts that when President Bush’s reached their final vote in May 2003, only 4% of Democratic legislators (2 of 48 senators and 7 of 205 representatives) voted "yes." …
President Bush’s personal income, capital gains and dividend tax rate reductions have created economic growth, significantly increased government tax receipts, and reduced the federal deficit by nearly $130 billion. As the New York Times was forced to admit in its front-page headline on July 9, a "Surprising Jump in Tax Revenues Curbs U.S. Deficit." But it isn’t surprising at all; the truth is that when tax rates go down, economic activity goes up.




