1.2%

Liberals hate tax cuts. To them, cutting taxes benefits only 'the rich,' and 'big corporations,.'

Untrue. As is the assertion that the Bush tax cuts have caused historic budget deficits.

What is true about the 2003 tax cuts is that 'rather than creating a budget deficit, are fueling economic growth that is swelling federal revenues and shrinking the deficit.'

And, FYI, Presidential power does not include the ability to decrease, or increase, taxes. Under Article I of the US Constitution, the power to tax lies solely with Congress.

So, the next time you hear a Democrat bemoaning 'Bush's tax cuts,' you'll remember that, in fact, Congress (Republicans AND Democrats) voted to decrease taxes four years ago.

In other words, the Democrats were for it, until they became against it.

Taxing the wealthy and corporations don't benefit the economy or the average American. Quite the contrary. Raising taxes causes corporations to do one, two, or three things.

First, corporations raise the prices of their products/services; Second, corporations cut jobs; Three, corporations pay smaller dividends to investors.

The indisputable fact is that raising taxes is bad for all Americans and it is bad for the economy.

Indisputable, too, is that the federal budget deficit has now fallen to $158 billion, down from $413 billion just three years ago. The current number, although it might sound enormously staggering, is actually insignificant. It's so insignificant it only amounts to 1.2% of GDP.