So the good news is, the national economy did even better than anyone thought it could, and we’re just talking about the second quarter:
The U.S. economy grew more in the second quarter on larger gains in consumer and business spending.
Letting those Bush tax cuts expire worked wonders, allowing the wealthy pay a little more.
It also looks like Scott Walker is again benefiting from the national economic recovery. The state ended up taking in $71 million more than expected in the last budget year:
…up 0.5% over the previous projections … extra money is enough to pay the state's expenses for a little less than two days. Corporate income taxes were particularly strong last fiscal year.
The dependable Walker lackey’s...I'm sorry..."fellows," at the MacIver Institute were quick to make is seem like Walker's tax cuts, not the spending cuts, resulted in magic revenues:
Supply Side Myth Busted: And yet, just a few days ago, Republicans were betrayed by their own handpicked director of the CBO:
Reuters: The new Republican-appointed director of the Congressional Budget Office delivered some bad news on Tuesday to the party's "Reaganomics" devotees: Tax cuts don't pay for themselves through turbocharged economic growth.But I've only scratched the surface here. You have to check out the numbers and their deceptive manipulation by Walker to believe the unbelievable. At Jake's Economic TA Funhouse,
"No, the evidence is that tax cuts do not pay for themselves," Keith Hall said in response to a reporter's question. "And our models that we're doing, our macroeconomic effects, show that."
Sorry MacIver, Wisconsin's tax cuts did not raise revenues