The Ignorant Investor
Ignorance Can't Stand in the Way of My OpinionWednesday, March 16, 2011
The Administration's Revenue Predictions Seem Rosy
According to the White House's FY2012 budget, tax revenue is forecast to rise by more than 76% from 2010 to 2016. Even accepting that 2010's revenue was extraordinarily low due to the recession, that seems like an optimistic projection when there aren't strong majorities in Congress for removing the Bush tax cuts. Does anyone really believe that Obama, the Congressional Democrats, and the Republicans won't repeat last year's dance when it comes time for today's historically low rate of taxation to expire just before an election year? That sounds like a long shot.
posted by Worker 17 # 4:04 PM 
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