Maryland Blogger Alliance

Alliance FAQs

Latest MBA Posts

May 08, 2006

Today's economic news: tax division

One of the frustrating things that I notice is that good economic news is the proverbial tree falling in the big media forest. No one hears about it. (Maryland Conservatarian writes about a similar phenomenon: Any good economic news can be spun as bad.)

"TaxProf" Paul Caron notes some good economic news you probably won't hear much about: "The Congressional Budget Office reports 'robust' growth in tax revenues for the first four months of 2006." And he's got the CBO chart to demonstrate the point. (via Instapundit) To put it differently, the tax cuts have helped the economy and have resulted in increased revenue.

Bonus from TaxProf: A list of tax cuts that expire in January 2011, assuming a new bill extending the most recent ones is passed.