It's Not a Revenue Problem ....

So do tax RATE cuts really stimulate the economy and generate substantially more tax REVENUES? From OpinionJournal.com:

So we thought our readers might like to know that so far this year federal tax revenues are booming. Overall, in the first seven months of Fiscal Year 2005 through April 30, they climbed by $146 billion to a total of $1.216 trillion. That's an increase of 13.6% over a year earlier, some four or five times the inflation rate, and the kind of raise that most American families can only dream about. Income tax receipts are driving this windfall, with individual revenues up $66 billion, or 16%, to $547 billion. Corporate income taxes are rolling in even faster, tsunami-like in fact, rising 48% to $134 billion.

Read the whole article here.