Thursday, 28 May 2009

Moneynews

Breaking News from Moneynews.com

Tax Revenue Plunges as Obama Deficit Soars
Conversation regarding the exploding budget deficit generally focuses on the major spending increase generated by the $787 billion fiscal stimulus package. But there's another side to the deficit — plunging tax receipts. Federal tax revenue plummeted 34 percent in April from a year ago, to $138 billion — the largest decline in 28 years.
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