June 26, 2017

Feds Collect Record Income and Payroll Taxes Through March–Still Run $526,855,000,000 Deficit.

The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end of March), according to the Monthly Treasury Statement. Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the […]

President Trump is Dramatically Cutting US Trade Deficit to China

Love him or hate him, President Donald Trump is holding true to his word and dramatically reducing the U.S. trade deficit to China. In February, the trade deficit to China fell by a record amount and American exports increased for a thrid straight month, according to ABC News. The deficit fell to $43.6 billion, 9.6 percent […]

$1.48 Trillion: Government Collects Record-High Taxes in First Half of FY 2016, Still Runs $461 Billion Deficit

Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment […]

Obama Threatens to Veto Bill to Reduce Deficit, Cut Planned Parenthood Funding and Reverse Much of Obamacare

President Barack Obama has announced that he will veto a bill pending in the Senate that would defund and reverse parts of Obamacare, including money for Planned Parenthood, and reduce deficits by $130 billion over 10 years. “This legislation is being considered by the Senate just days ahead of the December 15 deadline for Marketplace […]

$3,248,723,000,000: Federal Taxes Set Record in FY 2015; $21,833 Per Worker; Feds Still Run $438.9B Deficit

  (CNSNews.com) – The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today. That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September. It is also up about […]

$2,446,920,000,000: Federal Taxes Set Record Through June; $16,451 Per U.S. Worker—Feds Still Run $313B Deficit

The federal government raked in a record of approximately $2,446,920,000,000 in tax revenues through the first nine months of fiscal 2015 (Oct. 1, 2014 through the end of June), according to the Monthly Treasury Statement released today. That equaled approximately $16,451 for every person in the country who had either a full-time or part-time job […]

Source: