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WASHINGTON (Reuters) - The U.S. government reported a $49 billion surplus in January, the Treasury Department said on Monday.
https://www.investing.com/news/economic-indicators/us-government-posts-49-billion-surplus-in-january-1233032
(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.
https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-taxes-first-month-under-tax-cut-run-surplus
More good news that the usual suspects will ignore.
More good news that the usual suspects will ignore.
More good news that the usual suspects will ignore.
Too short of time frame to credit the tax cuts. While I would grant that there were some additional bonus checks that got taxed, there's not a whole lot the tax cuts could do in that short a span of time. Over the long haul, we'll continue to see revenues increase as teh economy continues to improve, but what you're posting is just too soon to credit the tax cuts. Id' give credit to a rising market due to greater market confidence in a more conservative/pro-business Congress than anything else.
/facepalm
Did you even look at the pdf that site links to? The surplus months are January, April, June, Sept. Guess when estimated taxes are due. Guess when most people choose to pay end-year taxes. The same months are almost always going to be surplus months because that's when the revenue comes in.
Too short a time frame, yes, but that's just another reason he fails. The overriding reason is that a whole bunch of people paid estimated taxes on or before Jan. 16.
Just look at the monthly receipts pdf. If there's a surplus month, it falls on an estimated tax payment month. April runs the biggest surplus because that's both an estimated tax month and the month when most people put off paying end-year taxes on.
You make yourself look stupid by posting this and simultaneously supporting policies that double the budget deficit. I don't know how you can't understand how dumb that makes you look.
You make yourself look stupid by posting this and simultaneously supporting policies that double the budget deficit. I don't know how you can't understand how dumb that makes you look.
<bolded> That makes a lot of sense. We'll have to check back at mid year and see how it's going.
Ok, first, I did not say it was due to the tax cuts, and neither did CNSnews....In fact they said tax policy which is different....
Second, to those liberals that just can't acknowledge good news unless it's their guy in office, sour grapes to you....
The only tax policy Trump passed is the tax cut bill. Your defense makes even less sense than your OP.
It's not good news, it's just expected.
More good news that the usual suspects will ignore.
Ok, first, I did not say it was due to the tax cuts, and neither did CNSnews....In fact they said tax policy which is different....Second, to those liberals that just can't acknowledge good news unless it's their guy in office, sour grapes to you....
The only tax policy Trump passed is the tax cut bill. Your defense makes even less sense than your OP.
After 8 years of mediocre news from this sector, I think it is good news...
Then don't post if you think it's stupid....replies like this are what's wrong with DP lately.
I don't believe in the "sour grapes" thing, because for me it's country over party.
But I have this problem, it's called THINKING.
I wouldn't dare dispute your assertion that the Right is succeeding in "drowning government in the bathtub".
It's true. They are.
The thinking part of me wonders how much it's going to cost when the consequences of that drowning manifest themselves.
Short term January surplus?
Okayfinewhatever, that's cool.
Now show me what happens when we have to pay for some of the other actions in the long term.
No matter how much you insist that America needs to be run "like a business", the fact is, no country should be run that way, because it can't be.
And we the people are not a "product" or a commodity, which is what the natural end of that argument would be.
Where's YOUR BAR CODE?
If anyone believes there is any meaning in a monthly surplus or deficit figure, they are fooling themselves. These numbers go up and down based upon when people and corporations pre-pay their estimated taxes and when they pay their taxes.
There were months that had surpluses during Obama's term but they understood that fact as meaningless and didn't use it as an opportunity to brag, like the orange-twit.
None of this will have any effect on the annual deficit that has estimated to be a trillion dollars.
Why can't you leftists celebrate good news? What is it about liberalism that creates this kind of loyalty and desire to always be negative? You buy PROJECTIONS and ignore data because of an ideology that promotes negativity and anti growth economic policies.
Then don't post if you think it's stupid....replies like this are what's wrong with DP lately.
It's not "Good News". It happens regularly. It is not a sign of things getting better.
Focus on deficits on a year by year basis. Oh, and bear in mind that they're about to explode up and past a trillion again, thanks to the GOP
No, what's wrong with DP lately is a lot of people are saying a whole lot of really stupid and often dishonest stuff.
Why should people just sit there silently listening to it?
The economy improved rather greatly under Obama, and you can find these types of numbers in the same tax receiving months under Obama.
Why can't you leftists celebrate good news? What is it about liberalism that creates this kind of loyalty and desire to always be negative? You buy PROJECTIONS and ignore data because of an ideology that promotes negativity and anti growth economic policies.
No, what's wrong with DP lately is a lot of people are saying a whole lot of really stupid and often dishonest stuff.
Why should people just sit there silently listening to it?
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