In Today's Old Gray Lady, AKA The New York Times(www.nytimes.com) a front page article incredulosly said that there is a surprising jump in tax revenues and that it will, infact, lead to a trimming of the federal deficit. What is amazing is that it is even news that tax cuts=higher revenue. The reason there is a deficit in the first place is the massive increase in federal spending, some of which can be blamed on the Bush Administration directly, but not most of it.
During the 1980's, liberals led by such rags as the New York Times, raked President Reagan passed not only tax cuts but tax reform that led from the top tax rate of 70 percent down to 36 percent. What the Times and much of the MSM in that time would never address is that the  spending in the federal government was never really cut. All that was ever done was the rate of increase was slowed down. Not ONE program or section of the federal government, such as the Department of Education, was eliminated. It is possible that if Mr. Reagan had a Republican congress and actually was able to eliminate programs and whole departments that were instituted to please special interest groups, there would have not been a deficit when Mr. Reagan left office. It is always easy to do what President Clinton did-raise taxes. It is what led to the Republicans taking over congress in 1994.
If there was not the War Against Terror and a slew of natural calamities, Hurricane Katrina leading the way on the nature front, Mr. Bush would be able to do what Mr. Reagan could not. Cut the size of the federal government. but what is clear is that tax cuts and economic growth bring tax revenue to the government at all levels. Thus, the Times is right to site that increasing tax revenues will lead to a cut in the deficit. But, they could not leave well enough alone.
Of course they say, as fact, that the run up in taxes this year is because the past five years were so bad. No attribution, but they do site a comment from Thomas S. Khan, staff director for the Democrats on the House Budget Committee.
What will lower the deficit will be to do two things. Nominate conservative Republicans for congress and the senate and vote them into office. Despite the problems the current congress has been in, adding more will be a help to the president and will also help in getting correct immigration reform and to win the War Against Terror.
It is amazing that the New York Times, a private, free-enterprise company, does not get basic economics 101. But this is, after all, the same newspaper that heaped praise of the Soviet leader Josef Stalin in 1936 and has never ran a correction for that.