Tax Cuts Work

Ask your representative to explain this when they tell you they cannot make the Bush tax cuts permanent in the name of "fiscal responsibility".

The U.S. ran a $42.8 bil deficit in May, above views, due to the timing of various benefits payments. But in the first 8 months of fiscal '06, the deficit is off 16.8% vs. a year ago to $227 bil. Tax revenues are up 13.9%, with huge gains from business and the rich. President Bush may meet his vow to halve the budget deficit to 2.25% of GDP — and 3 years early.