Tax and Government Deficit

NewsBusters catches out the media mis-reporting the story behind the shrinking US Deficit.

Well, the tax cuts haven’t been repealed, and there have been no big new tax increases. But yesterday the White House announced that final tallies for the federal government’s fiscal year ending September 30, 2006, the budget deficit had shrunk from $413 billion two years ago to $248 billion.

Imagine the suplus we would have had Cullen cut taxes?

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