Tax Cuts Work

In case anyone missed it the Treasury Department today announced that the budget deficit for October shrank to $47.2B from $57.3B a year ago due to strong receipts. The budget deficit for all of fiscal 2005 came in at a $318.5B, down from $412.8B the year before.

For you Democrats that means that by giving people back their hard earned money the IRS took in more money then they had before the tax cuts. I know it’s hard to believe and you just don’t have enough fingers and toes to figure out how the math works but Democrats just have to start trusting those that came to class on the day they were teaching Economics.