the falling Deficit -- the Best Kept Secret in Washington --Tax Tidal Wave - WSJ.com

Don't get me wrong -- our deficit is uncomfortably too high, but as this article indicates, it is narrowing due to greatly increased tax revenues. You won't read about this in the Democratic National Party platform or in the NY Times -- lower tax rates (helped by lower interest rates) resulting in higher tax revenues from the "rich and big corporations". While I was (and am) for a war tax surcharge, if for no other reason to remind all of us that we are at war (not just the southern families with children in the military), I do believe, from my Univsity of Chicago days, that lower tax rates result in greater income production and higher tax revenues. And this is proof.

Tax Tidal Wave - WSJ.com