Skip to comments.
Tax revenue to hit record this year. So is spending 'the problem'? ( We will see if economy tanks)
csmonitor.com ^
| March 4, 2013
| By Mark Trumbull, Staff writer
Posted on 03/04/2013 11:41:16 PM PST by Ernest_at_the_Beach
Tax revenue could hit $2.7 trillion, according to the Congressional Budget Office. Conservatives say this means spending cuts are the solution, but the budget numbers tell a more complicated story.
An impasse over the shape of the federal budget keeps boiling down to this basic plotline: Democrats say the solution to high deficits must include more tax revenue, while Republicans say the fundamental problem is spending.
Failure to reach a middle ground has prompted automatic spending cuts known as the sequester to go into effect. This wasnt Plan A, or even Plan B, for either side.
As the politicians look for a way forward, conservative lawmakers say that new budget projections make their case for them. Federal tax revenue is forecast to hit a record $2.7 trillion this year, according to the Congressional Budget Office (CBO).
(Excerpt) Read more at csmonitor.com ...
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; sequester; sequestor; taxes
To: All
H/T to the Drudge Report for this.
2
posted on
03/04/2013 11:42:26 PM PST
by
Ernest_at_the_Beach
((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
To: Ernest_at_the_Beach
3
posted on
03/04/2013 11:50:47 PM PST
by
Ernest_at_the_Beach
((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
To: Ernest_at_the_Beach
4
posted on
03/04/2013 11:51:30 PM PST
by
RedHeeler
To: RedHeeler
Hat Tip,...recognizing where you saw a link to the story.
5
posted on
03/05/2013 12:04:05 AM PST
by
Ernest_at_the_Beach
((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
To: Ernest_at_the_Beach
The number’s not adjusted for inflation. Meaningless. The Democrats use the same trick to claim that Reagan signed the largest tax increase in history.
6
posted on
03/05/2013 4:53:39 AM PST
by
BfloGuy
(The final outcome of the credit expansion is general impoverishment. -Ludwig von Mises)
To: Ernest_at_the_Beach
"...but the budget numbers tell a more complicated story." maybe John F'n Kerry or Krugmann can give us serfs a nuanced explanation.
7
posted on
03/05/2013 11:20:52 AM PST
by
TurboZamboni
(Looting the future to bribe the present)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson