Comment by gusgus01
16 hours ago
California is not a great example, since they pay out to the Fed so much more than they receive, so that infusion isn't really an infusion when you consider the overall budgets.
16 hours ago
California is not a great example, since they pay out to the Fed so much more than they receive, so that infusion isn't really an infusion when you consider the overall budgets.
Nit: "the Fed" means the Federal Reserve Bank, which does not collect taxes. "The US treasury", "the Federal government" or "Fedgov" would work in your sentence.