CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion

(CNSNews.com) – Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins on Oct. 1, according to data released today by the Congressional Budget Office. At the same time, however, the federal debt will increase by more than $1 trillion. In fiscal 2017, which ends … Continue reading CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion