Posted on 03/07/2007 8:24:55 AM PST by avacado
I like going through the U.S. Treasury's "Monthly Treasury Statements" to look at the receipts, outlays, deficit, and/or surplus. This time I looked at the yearly revenue going back to 1997 and especially the increase in revenue from the 2003 Tax Cuts.
REVENUE:
2003 - $1,782,108,000,000
2006 - $2,406,681,000,000
That's approximately a 35% increase in federal revenue from the year 2003 to the year 2006. That's very impressive.
The subsequent years showed very slow growth and virtually none during the Clinton years from 1997 onward.
1997 - $1,578,955,000,000
1998 - $1,721,421,000,000
1999 - $1,827,302,000,000
2000 - $2,025,038,000,000
2001 - $1,991,044,000,000
2002 - $1,853,288,000,000
2003 - $1,782,108,000,000
2004 - $1,879,799,000,000
2005 - $2,153,350,000,000
2006 - $2,406,681,000,000
From 1997 to 2006 federal revenue has increased approximately 52%.
INTERESTING STUFF... Thanks.
and your conclusions are ?
The 2003 tax cuts definitely stimulated the U.S. economy and thereby increased federal revenue.
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