Feds Collect Record Revenue After Tax Cut

RUSH: “The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released [Monday]. January was the first month under the new tax law that President Donald Trump signed in December. During January, the Treasury collected approximately [Are you ready for this?] a$361,038,000,000 in total tax revenues…” So let’s round it off: $361 billion. They spent $312 billion. They ran a surplus of $49 billion, in the first month!

There’s already more revenue coming into the Treasury than anybody at the CBO or the Democrat Party or any K Street think tank projected. All they talked about was deficits. All they said was the Trump tax cut’s gonna blow the budget sky-high and create massive deficits. In one month! “Despite the monthly surplus of $49,236,000,000, the federal government is still running a deficit of approximately $175,718,000,000 for fiscal year 2018.”

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