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Our Mission |
Big government is not simply the size of the budget, or the number of federal programs; it is the role the federal government plays in our daily lives.
We at the Lincoln Heritage Institute will not sit idly by and allow bloated bureaucracies, budensome tax policies, a failing public education system, and out of control regulatory system, and a growing disregard for the rule of law to become an accepted way of life
We have as our purpose, through public education, the revitalization and preservation of our traditional political, social, commercial, and legal environment in which the only limits to achievement are individual ability and effort. |
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Surge in Tax Revenue
Cuts Federal Deficit Predictions
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by Jackie Calmes, The Wall Street Journal
A surge in federal tax revenue, mainly in payments from rich Americans, is driving down government and private-sector projections of this year’s federal deficit to as low as $300 billion, well below current forecasts that are near or over $400 billion. The Congressional Budget Office “now expects that the 2006 deficit will be significantly less than $350 billion, perhaps as low as $300 billion,” it said yesterday in a monthly budget report that reflected April’s tax-time receipts. The CBO previously projected a deficit for this fiscal year, which ends Sept. 30, of $371 billion. The Bush administration’s Office of Management and Budget, which had forecast a $423 billion shortfall, also will be reducing its estimate, government analysts say.
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Lincoln Heritage Institute lhi@wmis.net
620 Hall Street, Eaton Rapids, MI 48827
In Pennsylvania, 603 N. 3rd. St., Harrisburg, Pa.
Box 656 Main St., Pleasant Valley, NY, 12569 Fax (517) 663-5245
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