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The ‘crumbs’ pile up: Feds rake in record tax haul

Published by American Thinker

By Monica Showalter


The stock market has been heaving out of fear of higher deficits as a result of the vast tax cut law signed by President Trump and of course the left is angry about tax cuts just on principle, and both have forecast lower federal revenues as a result of the change. But, well, now we have headlines like these:

Feds Make History With Record Taxes in First Month of Tax Cuts

and

Monday’s Tax Receipts Would Pay For Entire Border Wall

It goes to show that in the first readings in the contest of whether tax cuts mean more federal revenue or more federal deficits, those who say the latter, are losing, squarely. According to IJR:

The Treasury brought in approximately $361 billion in total tax revenue for the month of January and managed to only spend roughly $311.8 billion. This means it ran a surplus of over $49.2 billion.

See the full story here.


Link: https://www.americanthinker.com/blog/2018/02/the_crumbs_pile_up_feds_rake_in_record_tax_haul.html

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