Robert Murphy

Posted May 07, 2007

The last week of April was one for the record books, as they say. The Treasury Department announced that April 24th was the single-day record for collection of personal income taxes, at $48.7 billion. On top of that, on both Wednesday and Thursday the Dow Industrials closed at back-to-back record highs. It seems that the Bush tax cuts might not have been so reckless after all.