Dont miss todays Wall Street Journal editorial paqe (unfortunately available online for subscribers only), where there are two editorials on the salutary effects of the 2003 Bush tax cuts. First, revenues are soaring beyond projections, and the deficit is falling fast. (If the GOP could show some spending restraint, wed reach a balanced budget quickly). Second, business investment--the bedrock of future economic gains--is up sharply, and began its uptrend immediately after the tax cuts took effect in 2003.
As the editorial reminded us, Reagan quipped that "No one calls it Reaganomics anymore now that it is working."