Let’s give credit where it’s due, if it’s due. If Barack Obama sends a $300 billion tax cut proposal to Congress as the meat of his stimulus package, he deserves high marks. Tax Cuts Increase Tax Revenue A large tax cut aimed at tax payers–individual and business alike–will not only stimulate the economy, it will increase federal revenue, defraying the irresponsible and dangerous spending of Paulson and Bernanke. As Kennedy, Reagan, and Bush 43 understood, tax cuts, to a point, increase federal revenue. Economist Arthur Laffer showed how in his famous, but seemingly forgotten, Laffer Curve:
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