Friday, May 25, 2007

What Tax Cut?

According to the CBO, total federal revenues grew by $625 billion, or 35%, between fiscal year 2003 and fiscal year 2006. Tax revenues as a percent of GDP have increased from 16.5% in 2003 to 18.4% in 2006 (see chart above, click to enlarge).

Via Taxing Tennessee.

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