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- McGill Advisory Articles
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- Tax: Audits
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- May 2009
Obama Proposes Increased Tax Audits to Boost Revenue
The Obama administration recently announced that the current year’s budget deficit is far worse than expected, projected to balloon to more than $1.8 trillion by September 30, about $89 billion more than earlier estimates. For the current year, the government will be borrowing approximately 46% of the amount necessary to run the country.
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