Is the spike in federal revenue permanent? (Kyle Pomerleau, AEI)

October 20, 2021

The Congressional Budget Office (CBO) recently published its monthly budget review for September, now estimating a spike in federal tax receipts for the 2021 fiscal year. According to CBO, individual income tax receipts will climb by $443 billion (27.5 percent), and corporate income tax receipts will climb by $158 billion (74.8 percent). Overall, federal revenue is estimated to increase by 18.3 percent between 2020 and 2021, the largest one-year jump in 44 years, and will hit 17.8 percent of GDP, which is the highest since 2015.

Is the spike in federal revenue permanent? | American Enterprise Institute – AEI

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

Is the spike in federal revenue permanent? (Kyle Pomerleau, AEI)

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