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“The Bush Tax Cut Issue in One Chart”

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“George W. Bush and supporters of the tax cut said federal revenue would go up after passing the cuts and it appears it did. In fact, federal receipts reached Clinton-era levels without Clinton-era tax rates in 2006, not long after all the cuts went into effect (passed in 2001 and 2003, they were tweaked with in 2005). Bush passed a tax cut as stimulus in 2008 and Barack Obama’s trillion dollar stimulus package in 2009 included some type of tax cuts as well, but does that chart look like a revenue problem or a spending problem?”

via The Bush Tax Cut Issue in One Chart – Hit & Run : Reason.com.

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