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Tax Revenues Projected to Hit All-Time High in 2013

InAmericaSince1627 Wrote: Mar 05, 2013 12:07 PM
Not too many facts all at once Resist, You know Liberal heads explode when five or more brain cells fire in unison.

The Congressional Budget Office anticipates that federal tax receipts will hit an all-time high of $2.7 trillion this fiscal year, yet the annual deficit will still clock in between $800 and $900 billion.  We have a spending problem:

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 wasn’t...