Bush tax cuts preceded historic revenue increases

On June 11, 2007 FactCheck wrote an article called Supply-side Spin where they tried to discredit President Bush's tax cuts, however they made some interesting points about revenue, job creation, and spending cuts:

The 35 percent growth between 2003 and 2006 is significant – the last major growth in revenue was between 1997 and 2000, when the economy was booming and federal receipts rose 28.2 percent.

A Treasury Department analysis found that the tax cuts prompted the creation of jobs and increased the gross domestic product. If McCain had said the tax cuts contributed to economic growth, he would have been correct.

If the government had reined in spending – as McCain wanted – the senator might have more to brag about. Viard says economists would expect a boost to the economy if tax relief had been matched by spending cuts.