Senate Democrats voted to lift taxes by some $313 billion on Sunday, and the Home is predicted to comply with on a party-line vote on Friday. In case you suppose Congress wants the cash, on Monday the Congressional Price range Workplace reported that tax revenues this fiscal yr proceed to roll in at a galloping tempo.
Tax receipts by July, the primary 10 months of the fiscal yr, rose 24%, or $789 billion from a yr earlier. Sure, you learn that proper. Tax receipts in 10 months surpassed $4.1 trillion below present tax legal guidelines and earlier than this new tax improve.
