Earlier this year, the U.S. Republican Candidate John McCain repeated a curious myth, often repeated in U.S. political debate, saying:

Tax cuts, starting with Kennedy, as we all know, increase revenues.

As the New York Times op-ed contributor Jonathan Chait remarked, it was the political equivalent of Galileo conceding that the Sun does indeed revolve around the Earth.

For the rest, read the excellent blog that explores this theme by Nick Shaxson at the Tax Justice Network blog site.