May 08, 2018
Record Tax Surplus
Timothy Birdnow
A record budget surplus.
From the article:
"All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.
CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.
Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes."
End excerpt.
Who says tax cuts don't work? The same fools who said we have to "pay" for them.
A record budget surplus.
From the article:
"All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.
CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.
Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes."
End excerpt.
Who says tax cuts don't work? The same fools who said we have to "pay" for them.
Posted by: Timothy Birdnow at
09:30 AM
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