Federal tax revenues…

Federal tax revenues are rising after tax cuts? Yes indeed, and TaxProf highlights the Treasury Dept. graph to prove it. This won’t be news to anyone who remembers that tax revenues rose after Reagan cut taxes.

For those in denial from the 1980s, this will, of course, be just another set of data to try and ignore or disparage. (And of course next time they’ll continue the mantra that tax cuts reduce federal tax revenue, utterly ignoring history.)

(Cross-posted at Stones Cry Out. Comments welcome.)

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