Clouded Outlook
Friday, March 27, 2009
US corporate tax takes a hit
The US recession put a serious hole in the tax base. Corporate tax collection is down almost $100 billion from its peak in 2006.
The banking crisis is over; the fiscal crisis has just begun.
2 comments:
Ramsay's Pub Food At Home
March 27, 2009 at 7:13 AM
Er, do you mean billions?
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Irrational Doomsday Blog
March 27, 2009 at 7:21 AM
I don't think the banking crisis is over yet, either.
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Er, do you mean billions?
ReplyDeleteI don't think the banking crisis is over yet, either.
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