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| Home Front: Economy |
| I blame the Bush tax cuts |
| 2005-06-17 |
| Via Bros. Judd: Government Hits One-Day Tax Revenue High After totaling it all up, the Treasury Department announced Thursday that it had collected $61 billion on Wednesday. That surpassed the old one-day record of $56 billion set on Dec. 15, 2000. The bulk of the revenue — $49 billion — came from corporate tax payments, also a one-day record for such receipts. The old mark was $46 billion set last Dec. 15. Wednesday's date, June 15, and Dec. 15 are both deadlines for corporations to make quarterly tax payments. The government's coffers have been swelling this year as tax receipts from both individuals and corporations have been on the rise, reflecting an improving economy. Because of those increases, this year's federal deficit is expected to fall to around $350 billion, down from the $413 billion record in dollar terms set in 2004. |
| Posted by:anonymous2u |
| #2 Also the MSM and the Dems don't get the fact that if the people have more money, they spend more. Thus the governments get higher tax dollars from the increased spending. Remember, the people are much better at spending money for economic growth than the government is. |
| Posted by: mmurray821 2005-06-17 09:21 |
| #1 Which is why recruiting is so tough [while retentions are no problem] for the Army. Was the same in the economy when it was rolling in the 80s and 90s. Not that MSM could ever figure out cause-> effect. |
| Posted by: Snetle Tholurong5083 2005-06-17 08:29 |