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	Name:	MartiniMan -
	Subject:	A blind squirrel finds an acorn
	Date:	1/9/2013 11:00:22 PM

You are right, Bush's record tax receipts were in his second term and not his first term. As the NY times says regularly we regret the error. The new rates passed in 2002 but were actually not implemented until 2003. Receipts rose in 2004 and then really took off after the full effect of the cuts effect and it was in fact his second term when the record revenues were recorded. Any problem with those facts? I suggest a quick visit to OMB and you will see receipts of over $2 trillion in 2005 peaking at $2.57 trillion in 2007 with slightly less in 2008 but still record receipts.

So I was wrong to reference it happening in his first term as it happened in his second term but the beautiful thing is that actually makes more sense and strengthens my argument. Again, my apologies for the error of using the word "first" when it should have been "second". It actually took longer for his policies to rectify the mess Clinton left but the point remains, revenues to the Treasury go up after tax cuts are implemented and take effect and the economy suffers when rates go up.

Gee Archie, while you are at it, with your command of second versus first maybe you can explain how higher taxes improve economic performance. I am all ears.