Trying again: tax cuts

[KBCraig]

For some reason, my last three attempts to post this crashed and burned. It looks like the posts are there, but they're not; at least, I can't open them.

I'm not going to retype my witty comments about how these "massive tax cuts" that were going to "bankrupt the nation", have produced record income for the government.

Laffer is still chuckling.

We don't want the government to have more money, so we obviously need to slash taxes even more, until the cuts produce less revenue for the government. We'll never cut spending so long so long as the government keeps getting its hands on more money.

http://www.easybourse.com/Website/dynamic/News.php?NewsID=58170&lang=fra&NewsRubrique=2

US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04
   
WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.

Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.

Treasury Undersecretary for Domestic Finance Randal Quarles said Friday's numbers provided a "continuing demonstration of the strength of the U.S. economy."

"In fact, Friday's gross receipts were the largest in a single day in the nation's history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement.

-By Benton Ives-Halperin, Dow Jones Newswires; 202-862-9255; Benton.Ives-Halperin@dowjones.com

[aries]

I hear they were last seen heading in the direction of GHWB's no new taxes

[lildog]

Federal government for our lifetimes anyway is a lost hope.

There have been several successes of cutting on the local level and I think NH has a strong shot if enough people start attacking the $8.7 BILLION budget that we may see cuts here too.