Tax rates down, federal revenues up, jobs up

Interesting chart. Is there something to the Laffer curve?

(Click on chart to enlarge in separate window.)
Source: US Treasury Dept.

More on the topic from Treasury Secretary John Snow here.

And another interesting chart:

(Click on chart to enlarge in separate window.)
Source: US Treasury Dept.

Disclaimers: Was the economy due to turn around even without the tax cuts? Perhaps. And is it fair to label a chart "highest level of federal receipts in history" without adjusting for inflation? Not really. But still, it's fun to gloat.

(Hat tip to TaxProf Blog via Instapundit.)