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November 18, 2005

What the Move On crowd won't tell you

The economy is booming so much that many States are running huge surpluses in tax revenues and many are considering tax cuts!

Three years of strong revenue growth have left many states with large surpluses. New Mexico is looking at a $1 billion surplus. Florida expects more than $3 billion.

Even financially troubled California took in $3.4 billion more than it spent in the budget year that ended June 30 the state's first surplus since 2000. California's deficit was erased by a 13.2% revenue increase.

And that quote is from USA Today - not exactly a paper prone to pointing out good things.

So, President Bush - brag about this! Tell one and all that your tax cuts have stimulated growth (and tax growth) so much that even California is running a surplus!

Posted by Beth at November 18, 2005 06:02 AM