Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

by
February 13, 2018

(CNSNews.com) – 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 today.

January was the first month under the new tax law that President Donald Trump signed in December.

During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000.

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. That is because the government entered the month with a deficit of approximately $224,955,000,000.

1 Comment - what are your thoughts?

  • WALTER FLATT says:

    FROM A REG., LIFETIME DEMORAT. THE DAILY NEWS MEET IN WASHINGTON IS THE BIGGEST FARCE THAT I HAVE EVER SEEN. MOST REPORTERS THERE ARE COMPLETE IDIOTS. THEY CARE MORE ABOUT A PERSON LEAVING THE WHITE HOUSE THAN THEY DO NATIONAL SECURITY, OR ANYTHING GOOD FOR OUR COUNTRY. I HONESTLY BELIEVE THAT THEY ALONG WITH THE FORMER DEMOCRAT PARTY IS TRYING TO DESTROY AMERICA. NO ONE CARES ABOUT THE MUSLIM TRAINING CAMPS HERE IN THE USA, NOR DO THEY CARE ABOUT ALL THE FEMA CAMPS THAT OBAMA BUILT IN EVERY STATE. ALL THEY CARE ABOUT IS GETTING SOME DIRT ON TRUMP OR HIS PARTY. TRUMP SHOULD CLOSE THIS AND LET THEM GET THEIR INFORMATION THE BEST THEY CAN. THEY CANNOT TELL BIGGER LIES THAN THEY ARE DOING NOW.

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.