This “Iron Law of Federal Revenue” Will Change the Political Debate Forever

Resending because I forgot to link the paper in the first version

A brilliant new paper from economist Samuel Karnick of the Heartland Institute should be force-read to every congressman, and written on the foreheads of all budget bureaucrats everywhere at OMB, the Congressional Budget Office or wherever everywhere they pop up above ground.

Mr. Karnick demonstrates what he calls the “Iron Law of Federal Revenue.” It wi…