Mises Wire
Author:
Frank Shostak
Online Publish Date:
On Monday October 15 2018, the US Treasury Department released figures showing that the federal budget deficit had widened by 17% in the 2018 fiscal year, to $779 billion. Most experts see this widening in the deficit as the result of the tax cuts, which went into effect in January this year. Note that the corporate tax rate was lowered from 35