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Sunday, May 21, 2006

Tax Revenue Up Again

According to the US Treasury, April tax revenue was up 13.5% from last year, showing that the Bush tax cuts are continuing to work as they were designed. According to the WSJ, even the budget deficit will be less than the CBO estimated ($350B vs. the $371B estimate). That's still only 3% of GDP, but just think if Congress could control spending.