January 27, 2006

Untaxing Ourselves to Properity

Well, this won't be above the fold tomorrow:

On Thursday the Congressional Budget Office released its annual Budget and Economic Outlook, and buried in one of its nearly impenetrable tables of numbers is a remarkable story that has gone entirely unreported by the mainstream media: The 2003 tax cut on capital gains has entirely paid for itself. More than paid for itself. Way more.

Tax cuts are like abstinence, they work every time they are tried.

Posted by Charles Austin at January 27, 2006 09:22 PM