Federal Revenue: Where Does the Money Come From
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Federal Revenue: Where Does the Money Come From
May 28, 2014
nationalpriorities.org
The United States government shutdown just stretched into its third week, with approximately 900,000 federal employees either furloughed or working without pay. What started as a budget dispute on October 1 has become one of the longest shutdowns in recent history, with no resolution in sight. Yesterday, the Senate failed yet again to advance competing funding bills. A Republican plan that already passed the House couldn't reach the 60-vote threshold needed to proceed, with only three Democrats
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Cotton was the primary cash crop in the Southern United States during the 19th century, earning the region the title "Cotton Kingdom" and significantly fueling the U.S. Treasury through its massive economic impact. Grown extensively in states like Mississippi, Alabama, Georgia, and South Carolina, cotton’s profitability stemmed from its ideal growing conditions in the South’s warm climate and fertile soil, coupled with the invention of the cotton gin, which revolutionized production. By the mid-
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