Friday, May 11, 2007

Bill Hobbs Writes About the Other "Surge," and What It's Doing For Our Economy

It's the greatest story never told, and deserves to be belabored over and over again:

Our economy is booming in large part because of the Bush tax cuts, which has put more money in state and federal coffers, and in the pockets of the American people.

The tired, old conventional liberal wisdom is that to raise taxes is to raise government revenues. But of course, it's a myth.

The truth is, lower taxes brings higher government revenues and robustness to the economy.

Bill Hobbs says it best in a recent post:

"Not only are federal tax revenues surging, so are state tax revenues all across the country. According to the March 2007 State Budget Update from the National Conference of State Legislatures, 42 states "are finding themselves with unexpected revenue as they approach the end of the fiscal year."

What part of this do the Pelosis of the world not get?

Bill and Larry Kudlow are on the same page. Read the whole thing.

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