Re: US gubmint shutdown + default + subprime sequel?
I'm willing to wager that these extra revenues are capital gains taxes brought in by the housing bubble and have little to do with "benefits" from the Bush tax cuts. Just as the ~2000 hump in revenues is attributed to capital gains from the tech bubble.Originally Posted by PanzerJaeger
Even in your graph, you can clearly see the jump in revenues effecting the deficit after the the tax cuts - which is clearer in this one.
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