USA2007: U.S. deficit tops $1 trillion for 4th year in a row - Oct. 5, 2012

Saturday, 6 October 2012

U.S. deficit tops $1 trillion for 4th year in a row - Oct. 5, 2012

U.S. deficit tops $1 trillion for 4th year in a row - Oct. 5, 2012

1 comment:

RAYLOKE said...: A big reason was the jump in corporate tax receipts, which rose a whopping 34%. CBO attributes the increase in large part to a change in tax rules, particularly those that govern how fast companies can write off equipment costs.

Individual income tax and payroll tax receipts were also higher, by 3% and 4%, respectively.

Spending, meanwhile, fell 2%. That decline, however, is due mostly to shifts in the timing of payments, CBO said.; 6 October 2012 at 16:36