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  U.S. sees biggest revenue surge in 44 years despite pandemic
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ContributorWA Indy 
Last EditedWA Indy  Oct 12, 2021 03:29pm
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CategoryNews
AuthorBrian Faler
News DateTuesday, October 12, 2021 09:00:00 PM UTC0:0
DescriptionDespite a pandemic, a recession and a slew of tax cuts, federal tax receipts are booming.

Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.

That translates into $627 billion more than in 2020, according to the nonpartisan Congressional Budget Office, which estimates that, for the first time, total government revenues topped $4 trillion.
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