Federal tax revenue has cratered thanks mostly to the big reduction in corporate taxes, but withholding taxes have also been weak. Meanwhile, strength in excise taxes…
Tax collections fell in May thanks to the Trump Tax Cut. The budget defecate widened on that and massive spending increase under the Trump-Congress BBA…
Withholding tax collections dropped sharply in May, reflecting the impact of the new tax law. But excise taxes were up sharply. Here’s what it means…
Tax collections surged in April on a massive gain in individual non-withheld income taxes. On the other hand, social security taxes, which weren’t impacted by…
Withholding tax collections continued their decline in the month ended April 30, reflecting the impact of the new tax law. As a result, we should…
The CBO (Congressional Budget Office) confirmed it in a report issued April 9. It projects massive and growing deficits for the next 8 years. That’s stimulative…
Withholding tax collections continued their decline in the month ended March 30, as employers adjusted their withholding to the new tax law. At the same…
Tax collections fell slightly year to year in February. The IRS published new withholding schedules early in the month and employers began adjusting withholding tax…
The tax cut will increase the deficit substantially this year. It will goose the economy, but will also add to Treasury supply at the same…
Tax collections rose year to year in January, despite the tax cut taking effect. That means that US economic growth will continue to be hot…