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Surely not June's projected receipts.
Those increases are offset by an $84 billion reduction in projected receipts stemming from legislation passed so far this year.
Lawmakers already have snapped up $36 billion in projected receipts over the coming decade to finance the two-month jobless benefits and payroll tax extension enacted just before Christmas.
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The agencies are projecting receipts of $2.4 billion from the tax this year, double the amount collected in the 2002 fiscal year and $435 million more than the McGreevey administration projected in February.
The projected farebox receipts for the River Line -- $1.4 million in the first year -- fall far below any other new line's revenue.
Total government receipts are projected to rise from 35.7 per cent of GDP in the current tax year to 36.8 per cent in 2020-21.
They suggested, for instance, that lawmakers add $5 million to $10 million to the $776 million projected in sales tax receipts this year, which would also affect future years.
Their proposed $155 billion in revenue reductions amounts to less than 5percentt of their projected $3.3 trillion in Medicare receipts over the next decade and a trivial 1.4percentt of their total projected revenues, from private and public payers, of $11.1 trillion.
The deficit is projected to fall largely because receipts will rise.
Property tax receipts, which are projected to fall slightly in 2012, "will be weak through at least fiscal 2014," wrote Daniel White, an economist at Moody's Analytics, in a report this month.
Taken together, the proposed changes would have a negligible effect on the government's overall tax collections, with new taxes compensating for a projected decline in income tax receipts.
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