http://www.punditreview.com/2006/07/...-tax-revenues/
You can go to the NY Times to read the whole story but needless to say proofs in the puddin'. Supply side is on your side..................
"Under Bush “43″ tax revenues to the federal treasury also increased. According to the Wall St. Journal, “In the first 5 months of Fiscal 2006, through February, overall revenue continued to surge, growing at an overall rate of 10.3%, or an $81 billion increase from the year before, to $871 billion. That builds on the astonishing 15%, or $274 billion, revenue increase for all of 2005, which various fiscal wise-men assured us would fall off dramatically. Apparently not.”
Tax receipts for the first seven months of fiscal 2005 and 2006 from the CBO, in billions are:
2005- Individual income $547 billion, 2006- $603 billion 10.2% increase
2005 Corporate income $134 billion, 2006- $174 billion 29.5% increase"
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