http://factcheck.org/2011/07/sessions-wrong-on-bush-tax-cuts/Sen. Jeff Sessions wrongly claimed that federal revenues "went up every single year" after the Bush tax cuts were "put in." Actually, federal revenues declined for three straight years after the first tax cut was signed in 2001.
The Alabama Republican made his statement on "Face the Nation."
Sessions, July 10: The revenue went up every single year after those tax cuts were put in. The revenue is down now because of the low economy.
In fact, total federal revenues declined in fiscal year 2001 for the first time since 1983, mainly because of the Bush tax cuts. The CBO said total revenues declined by 1.7 percent, but otherwise would have increased by 1.5 percent.
Total federal revenues declined not only in 2001, but also in the following two years, according to CBO historical budget figures. In fiscal 2002, total revenues declined by $138 billion, and in fiscal 2003, they went down for a third year in a row — by nearly $71 billion.