AMERICAN FINANCE
BIG DEFICIT LOOMING 1930 DEPRESSION EFFECT REVENUE OUTLOOK DARK WASHINGTON, March 23. Definitely illustrating the full extent of the blow of the 1930 depression upon American taxable incomes, the Treasury Department states that the March collection of income and corporation taxes aggregated only about 350.000.000 dollars compared with a collection of 559,500.000 dollars in March, 1930, and was 100,000.00 dollars below the estimate for the present collection, which meant a decrease, for the entire fiscal year, of over 400,000,000 below last year. Officials are unwilling to make predictions concerning the deficit, but it appeared probable that it would run between 700,000,000 and 800,000,000 dollars for tho year. Reports of revenues in sight are so discouraging that rumours are current that President Hoover might call together Department heads in order to find means to curb expenditure..
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Bibliographic details
Stratford Evening Post, Volume I, Issue 90, 25 March 1931, Page 5
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137AMERICAN FINANCE Stratford Evening Post, Volume I, Issue 90, 25 March 1931, Page 5
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