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Tax Receipts Show Surplus Boosting Budget Outlook
Washington AP reports April net tax receipts climbed 16 percent from a year earlier, raising hope the fiscal year deficit could shrink by 1 to 2 billion dollars. Total receipts for ten months stood at 79.1 billion with May and June ahead, while administration moves target 1.1 billion in savings and a corporate tax collection boost precede June 30. President Johnson urged curbing nonessential travel and delaying vacancies to curb inflationary pressures amid Viet Nam costs.
MENTIONED IN THIS ARTICLE
Washington
Uncle Sam
Treasury
Cor
Johnson
Viet Nam
Robert H. Fleming
White House