The U.S. Treasury saw a 31% drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall.
Big businesses paying even less than expected under GOP tax law
Though profits remain up and the economy is strong, total corporate taxes are at the lowest levels seen in more than 50 years.
By BRIAN FALER 06/13/2019
http://www.politico.com/story/2019/06/13/big-businesses-pay-less-tax-law-1364591
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