Tax revenues post biggest drop since Depression
• SFGateThe recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab. MORE NEWS Obama officials: Taxes may rise to pay health care 08.03.09 Startup's stickers identify the source of food 08.02.09 Offshore windmills hold clean-energy promise 08.02.09 The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.
