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Monday, January 30, 2006

Capital Gains Tax Cut Generated More Revenue to Federal Government

WASHINGTON — Despite claims by opponents of capital gains tax cuts, the 2003 reduction on capital gains fully paid for itself and more. A new analysis released today by the non-partisan Congressional Budget Office (pdf ) (CBO) shows capital gains increased 51.1 percent from calendar year 2002 through 2004, far surpassing the forecast by an astonishing $45 billion over three years. This should come as no surprise since history has repeatedly demonstrated a capital gains tax cut is one of the few tax cuts which produce more tax revenue following a rate cut.

I wonder how the liberals will spin this?

State of the Union Address: Good News for Taxpayers? Hopefully.

Bad News for Hillary:
News Max reports 'Commander in Chief' Pulled from ABC Lineup
a "series-style Hillary campaign commercial."


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