We don’t know if it will continue but this article claims rising wages gave the fed govt a record tax haul and a budget surplus last month. Considering we are well into the tax cuts this must come a surprise to many.
"The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.
All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.
CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago."
Default We may be witness largest economic expansion
That many of you will haven't seen since Reagan.
Sit back and enjoy the ride....specially if things play out as I predict they should.
LOL I remember saying this before Trump was elected when libs were predicting doom and gloom and of course liberal idiot mocked me.
So we will see who has last laugh. So far the market is seeing what I've seen months ago.
“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018. The reasons for the added revenues will be better
