Mid-Session Budget Review Shows Surging Tax Revenues
Publication Date: July 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Brian M. Riedl
Keywords: Budget; tax cuts
Coverage: United States
Though a rapid increase in federal revenues shows that the 2003 tax cuts have succeeded in boosting economic activity, the tsunami of Social Security, Medicare, and Medicaid spending still threatens America's fiscal and economic future.