Spencerblog Returns

The AP is reporting that federal taxes are too low.

WASHINGTON (AP) — Taxes too high?

Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when the Korean War was just getting under way.

And for the third straight year, American families and businesses will pay less in federal taxes than they did under former President George W. Bush, thanks to a weak economy and a growing number of tax breaks for the wealthy and poor alike.

Income tax payments this year will be nearly 13 percent lower than they were in 2008, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office.

Buried 10 paragraphs down in the story is any mention of historic levels of federal spending.

There may be a day when an argument can be made for tax increases. But everyday an argument can be made against a federal government that is too busy, too big and profligate beyond all reason.