The WSJ this AM has a super editorial where they skewer many myths we see repeated here daily. The biggest is that the Bush tax cuts caused this deficit (they didnt). Or that we need higher tax rates to close the deficiit (we dont). The current tax structure has provided a return of 18.5% of GDP. That is historically the optimum amount. Returns are lower now because of slow growth and lingering recession. Review & Outlook: Obama's Real Revenue Problem - WSJ.com more at the source.