What I'm pointing out is that while economic growth may be (is) spurred by lower taxes, the idea that economic growth will equalize the lost government revenue is pure fantasy. Look at the constant dollar figures. 2004 revenues were roughly 85% of 2000 revenue. Without changing the tax rate and relying on economic growth, revenue will not reach the 2000 level until the end of the decade, at best.
And keep in mind the federal government is running a deficit all that time, so when you factor in interest payments on the excess lost revenue that the tax cuts cost.
And keep in mind the federal government is running a deficit all that time, so when you factor in interest payments on the excess lost revenue that the tax cuts cost.