|
|
"A comprehensive, collaborative elections resource."
|
Big businesses paying even less than expected under GOP tax law
|
|---|
| Parent(s) |
Issue
|
| Contributor | RP |
| Last Edited | RP Jun 13, 2019 04:50pm |
| Logged |
0
|
| Category | Report |
| Author | BRIAN FALER |
| News Date | Thursday, June 13, 2019 10:10:00 PM UTC0:0 |
| Description | The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall, down by almost 9 percent or $11 billion.
Though business profits remain healthy and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
