1.0 link 81055 <![CDATA[News Flash: Tax Cuts DON'T Pay For Themselves]]> http://www.huffingtonpost.com/hale-stewart/news-flash-tax-cuts-dont-_b_81055.html Last night I was watching the Republican debate (there was literally nothing else on). Rudy wants to cut taxes again. Obviously he has not seen this chart, which is available free of charge from the St. Louis Federal Reserve. It is a chart of the year over year percentage change in federal tax receipts.

2008-01-11-taxreceipts_hbs.png


Let's look at the data.

Kennedy cut taxes in the early 1960s. What happened? There was a spike in revenue in...

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