The Associated Press notes that as a share of the nation's economy, federal taxation "will be the lowest since 1950, when the Korean War was just getting under way." For the third straight year, the wire service reported, "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."

Damn that tax-and-spend Democratic Party! Just like when Truman was president, they cut the heck out of ... wait, they're tax and spenders! We must undo their tax cu... . Wait...! We got this... .

Submitted by Man MKE on