Federal Tax Reduction-1930

Archive Report

The revenues of the federal government from all sources during the first quarter of the fiscal year 1930 showed an increase of $128,959,835 over the revenues of the corresponding three months of the fiscal year of 1929. As a partial offset to this increase in revenues, there was an increase of $33,416,627 In the general expenditures of the government. Outlays for public debt retirement, interest, and various special purposes were smaller this year than during the first quarter of the last fiscal year, but leaving these out of account, the difference between the increase in the government's expenditures and the increase in its revenues was $95,543,208.

The government's operations during the full twelve months of the last fiscal year resulted in a surplus at the ...

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