Toward the end of Monday’s meetings on fiscal responsibility at the White House, Senator Kent Conrad stood up and produced a little bolt of honesty. “Revenue is the thing almost nobody wants to talk about,” said Mr. Conrad, the chairman of the Senate Budget Committee. “But I think if we’re going to be honest with each other, we’ve got to recognize that is part of a solution as well.”
Mr. Conrad’s frankness was delivered in the cryptic language of budget experts, and many people might have missed the point. So allow me to translate:
Your taxes are going up.
At least since Ronald Reagan, conservatives have claimed that when taxes are cut, revenues rise due to the stimulation of business and general rising wealth. Liberals deny this, of course, and I’ve tried to find evidence one way or another. Unfortunately, I can’t find a table of federal goverment revenues. Anyone know where I might find one?