by hootsbox

With the current political rhetoric about the budget process, scare tactics, and sound byte politics, I thought I'd check into the by-line, "Tax cuts add to the deficit" which is so often bantered about by certain Congresspeople and Senators. If this statement is true, then one would logically expect to see a drop in Federal Tax Receipts during those years that we had "tax cut" presidents such as JFK, Ronald Reagan and Bush Jr. If it is truly a revenue issue, and not a spending issue, then we should see this conspicuous drop in revenues. So, I went to the Office of Management and Budget and looked up gross federal tax receipts by year since 1934. From 1934 to present (with a slight drop in revenues in 2009 - due to the credit market crash and deep recession), how many years have we had a drop in federal revenues during the total term of any president, Democrat, Republican? The answer - zero. So, the current policital rhetoric is an unfounded and unsubstantiated falsehood, and is only being used to promote certain political ends (and killing our country to boot). Check it out for yourself. Source: Office of Management and Budget, Budget of the US Government FY 2011 http://www.whitehouse.gov/omb/budget/Historicals