Tag Archives: corporate income tax

CBO: Federal Budget Deficit at $159B After 4 Months of FY 2017

A new Congressional Budget Office report shows that federal budget shortfall hit $159 billion after the first four months of fiscal 2017, approximately $1 billion lower than the figure recorded for the same period in fiscal 2016. CBO said Tuesday total amount of receipts associated with individual and corporate income taxes as well …

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CBO: US Budget Shortfall at $397B After 9 Months of FY 2016

A Congressional Budget Office report shows the federal government’s budget deficit for the first nine months of fiscal 2016 reached $397 billion, up $81 billion from the shortfall recorded for the same period in fiscal 2015. CBO said Friday that revenues grew one percent to about $2.5 trillion and expenditures increased by four percent to $2.9 trillion over the past …

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CBO Lowers FY 2015 Deficit Projection to $426B

A new Congressional Budget Office report predicts the budget deficit to hit $426 billion, a figure $60 billion lower than the agency’s most recent shortfall estimates in March and $59 billion down from the previous fiscal year. CBO said Tuesday it reduced its budget deficit projection for 2015 due to higher-than-anticipated …

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