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www.nationalpriorities.org | ||
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www.gao.gov
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| | | | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | |
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antipaucity.com
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taxfoundation.org
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| | | | | Though the 2017 tax law revenue outcomes are more positive than forecast projections, the Tax Cuts and Jobs Act has not paid for itself. | |
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investmentecosystem.com
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