The Washington Times once again misleads its readers with right-wing agitprop:
Though Republicans dramatically sliced taxes without money in the budget, they now can point to historic levels of tax receipts because of the healthy economy that was, they say, spurred by the tax cut.
"They now can point to historic levels of tax receipts"? Total tax receipts may be up, but real revenues per capita are flat, as the Center on Budget and Policy Priorities points out:
Even when the stronger revenue growth now projected for 2006 is taken into account, real per-capita revenues have simply returned to the level they reached more than five years ago when the current business cycle began in March 2001. (March 2001 was the peak, and thus the end, of the previous business cycle and the start of the current business cycle.) In contrast, in previous post-World War II business cycles, total real per-capita revenue growth over the five and a half years following the business cycle peak has averaged about 10 percent.
For more on tax cut myths, see CBPP's excellent primer on the subject.