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

| FEB 13, 2018 | 7:42 PM

President Donald Trump's tax plan continues to succeed for Americans despite the negative press it often receives.

In January alone, the government collected more taxes than ever before for that month, according to the Monthly Treasury Statement. The Treasury just released numbers and they reveal that the federal government ran a surplus for the month.

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.

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Although the surplus numbers look great, the government still has a deficit of approximately $175.7 billion for the 2018 fiscal year. This is because it began the month of January with a deficit of almost $225 billion.

CNS News

The surplus of over $49 billion is definitely a number Trump's detractors won't want to cover.

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