As companies operate with lower taxes and a greater ability to reduce what they owe, the federal government is receiving far less.

Topics:  tax   
BING NEWS:
  • US Budget Deficit Jumps to $367 Billion in November on Calendar Payment Shifts
    WASHINGTON (Reuters) - The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 ...
    12/11/2024 - 6:00 am | View Link
  • Yellen ‘sorry’ more progress wasn’t made on deficit
    Treasury Secretary Janet Yellen is concerned about the nation’s “fiscal sustainability” this week and said she’s “sorry” that “more progress” wasn’t achieved during the Biden administration.
    12/11/2024 - 5:26 am | View Link
  • Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
    The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday.
    12/11/2024 - 5:08 am | View Link
  • Progressive Principles for the 2025 Tax Debate: Having No Deal Is Better Than Having a Bad Deal
    Facing the $4 trillion expiration of the Trump tax cuts next year, Congress must not greenlight a tax deal that will worsen income inequality and lose revenue.
    12/9/2024 - 1:00 am | View Link
  • Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
    A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
    12/4/2024 - 7:28 am | View Link
  • More

 

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