Hot Topics :
1_182018_trump-12-28201_c0-0-3508-2044_s561x327.jpg

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

(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.

Leave a Reply

Your email address will not be published.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

Subscribe to Freedom and Excellence

Get your daily dose of news & info from Freedom and Excellence

Sign up to Freedom and Excellence for FREE and receive our daily emails.

Popular Topics

  • Here Are The 10 Republicans Who Voted To Impeach Trump
  • JUDGE THROWS OUT 50,000 ABSENTEE BALLOT REQUESTS IN LINN COUNTY
  • Anti-government activist Bundy arrested at Idaho Statehouse
  • John Kasich’s journey from conservative darling to Democratic convention speaker
  • California judges lift coronavirus eviction ban