MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
By Niv Ellis @ TheHill.com, Aug. 8
The federal deficit jumped 20 percent in the first 10 months of the 2018 fiscal year, the Congressional Budget Office (CBO) reported Wednesday. Spending outpaced revenue between the beginning of the fiscal year, on Oct. 1, and July by $682 billion, $116 billion more than over the same period in the last fiscal year.
The rising deficit is largely the result of the tax cuts President Trumpsigned into law at the end of last year, as well as a bipartisan agreement to boost spending, according to CBO.
Tax revenues from individuals rose, even as revenues from corporate taxes dropped.
The Trump administration has argued that the tax cuts would bring down the deficit, as economic growth led to higher tax revenue. The economy did expand in the second quarter by 4.1 percent [....]
Comments
From Gabriel Zucman's The Hidden Wealth of Nations: The Scourge of Tax Havens, descriptive info at amazon:
I recall something you posted within the past week or two that included an estimate that at least 10% of wealth is sheltered in havens. It led me to recall this very short and very fascinating book by Zucman. (I am unable now to locate the thread that included this statement so am placing it here for lack of a better idea on where to do so.)
by AmericanDreamer on Wed, 08/08/2018 - 3:21pm
Thanks, interesting.
The thread you are thinking of, maybe Doctor Cleveland's International League of Dark Money ?
by artappraiser on Thu, 08/09/2018 - 1:33am