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The 2017 United States federal budget is the United States federal budget for fiscal year 2017, which lasted from October 1, 2016 to September 30, 2017. President Barack Obama submitted a budget proposal to the 114th Congress on February 9, 2016. The 2017 fiscal year overlaps the end of the Obama administration and the beginning of the Trump ...
During FY2017, the federal government collected approximately $3.32 trillion in tax revenue, up $48 billion or 1.5% versus FY2016. Primary receipt categories included individual income taxes ($1,587B or 48% of total receipts), Social Security/Social Insurance taxes ($1,162B or 35%), and corporate taxes ($297B or 9%).
Introduced in the House as H.R. 1628 by Diane Black (R-TN) on March 20, 2017; Committee consideration by House Energy and Commerce Committee: passed as "Budget Reconciliation Legislative Recommendations Relating to Repeal and Replace of the Patient Protection and Affordable Care Act" on March 9, 2017 (); House Ways and Means Committee: passed on March 9, 2017 as "Budget Reconciliation ...
Donald Trump portrays himself as a big friend of big business. Among his most notable efforts of his first administration was slashing the corporate tax rate from 35% to 21% as part of his 2017 ...
The Congressional Budget Office projected two weeks prior to Obama's first inauguration that the deficit in FY 2009 (a year budgeted by President Bush) would be $1.2 trillion and that the debt increase over the following decade would be $3.1 trillion assuming the expiration of the Bush tax cuts as scheduled in 2010, or around $6.0 trillion if ...
For instance, I am 42 with a combined income of $560,000 between myself and my wife, putting us in the 35% federal tax bracket. Combined we have $2.6 million in retirement savings ($2.5 million of ...
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