Tuesday, July 12, 2011

Factcheck.org: Sen. Jeff Sessions Wrong on Bush Tax Cuts

I still don't get what these guys are smoking to still believe this?

"Sen. Jeff Sessions wrongly claimed that federal revenues "went up every single year" after the Bush tax cuts were "put in." Actually, federal revenues declined for three straight years after the first tax cut was signed in 2001."

"We pointed out these figures to the senator's spokesman, Stephen Miller, who blamed the revenue declines of 2001, 2002 and 2003 on the 2001 recession. But that recession ended in November 2001, and federal revenues continued to go down for the next two years. And, as we noted, CBO determined that both income tax revenues and total overall revenues would have increased in 2001, if not for the tax cuts."

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