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The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise, [6] is a spending request by President Barack Obama to fund government operations for October 2009–September 2010.
The General Revenue portion of Florida's state budget is funded primarily by sales tax, while local governments also have their own respective budgets funded primarily by property taxes. The annual state budget is constructed by the legislature and signed into law by the governor who administers it. The state budget for 2008-9 was $66 billion. [12]
Through fiscal year 2010, the Census Bureau produced the annual Consolidated Federal Funds Report, tracking Federal expenditures both geographically and by agency and program. As of 2011, funding for the Federal Financial Statistics program, of which the CFFR was part, was cut from the Federal budget.
The federal government on Friday posted a smaller-than-expected $1.29 trillion budget deficit for fiscal 2010, which ended Sept. 30 -- more evidence that the U.S. economy continues to inch back ...
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The most compelling data point in the U.S. government's April budget deficit report? It was the bottom-line stat itself -- an unexpectedly high $82.7 billion deficit. April historically is a month ...
The FICA tax was increased in order to pay for this expense. In December 2010, as part of the legislation that extended the Bush tax cuts (called the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010), the government negotiated a temporary, one-year reduction in the FICA payroll tax. In February 2012, the tax cut ...
Both liberals and conservatives have called for more progressive taxes in the U.S. [121] [122] Page, Bartels, and Seawright assert that, although members of the government favor a move toward progressive taxes, due to budget deficits, upper class citizens are not yet willing to make a push for the change. Tax cuts were provided during the Bush ...