Saturday, December 09, 2006

Tax Revenues Rising Again

According to the Congression Budget Office's December budget report released this week, federal income tax receipts surged in November, the second month of the government's current fiscal year (FY). Individual income tax revenues are up by 12% so far this FY (October and November) compared to last year, and corporate income tax receipts are up by 55.5% compared to last year at this time.

What tax cut?

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