Remember the tax cuts that were going to ruin the country?

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.

Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.

DWags wrote:

LooseGoose wrote:As usual the Dems/Libs were wrong.

April was best month in history for U.S. budget, according to CBO figures



...and they think they're going to sweep the mid terms too.  

That's great.  I think the 2001 was the Clinton surplus.   We need this.  But lets let it roll a bit here.

DWags wrote:

LooseGoose wrote:

Of course it was the Clinton surplus even though Bush was President.  Sort of like this is the Obama economy 18 months later.   Now it things had gone immediately to hell it would be the Trump economy.   ;-)

You seriously dont' remember that surplus that Bush gave back to us?  I think 200 bucks a kid?   Funny, most people paid down debt, they buy that t.v. or washing machine Bush hoped they would.   But, if you think in the first year/ first quarter that the economy changes that much under Bush, I guess that's what you'll think.

DWags wrote:

LooseGoose wrote:

To tell you the truth Wags I seriously wasn't paying too much attention for quite a spell in there.

I was working 18+ hour days for months on end at times.   Milking 300 and then processing all the milk.   It was a pretty crazy time in my life work wise.

For every kid we had we either got 200 bucks or 400 bucks back from the government as it was the Clinton Surplus that Bush said "that money is rightfully yours" to the American public.  I didn't disagree with him.  I don'tknow what they did with kidless parents, or single people.  Anyway, I think I'm right in that many people paid down debt and new stuff wasn't bought as much people use income tax to buy new stuff.  It didn't kick start the economy as he had hoped.   That's my recollection.  

Processed the milk?   Hey, I didn't think you did that.   

Robert J Sakimano wrote:my wife and I donated the crumbs we received to Planned Parenthood and an anti-NRA group - we love America too much to allow religious extremist racist, sexist bigots who support sexual predators to ruin it.

Lansing — Michigan income tax and sales tax collections are coming in higher than expected and should give state lawmakers extra money with which to complete the state budget this summer, according to new projections.

Michigan’s House and Senate fiscal agencies are predicting state government will end the current fiscal year with a modest general fund surplus of between $278.5 million $347.9 million.

The non-partisan Senate Fiscal Agency also predicts state government would end the next fiscal year with a $389 million general fund balance under the $56.6 billion 2019 budget the upper chamber approved this month.

The potential surpluses — less than 1 percent of the overall state budget — are largely the result of continued growth in income tax and sales tax collections, which have outpaced projections from January.

LooseGoose wrote:It's so horrible when Michigan must "face" a surplus.....

Projections: Michigan faces $279M to $348M surplus

Lansing — Michigan income tax and sales tax collections are coming in higher than expected and should give state lawmakers extra money with which to complete the state budget this summer, according to new projections.

Michigan’s House and Senate fiscal agencies are predicting state government will end the current fiscal year with a modest general fund surplus of between $278.5 million $347.9 million.

The non-partisan Senate Fiscal Agency also predicts state government would end the next fiscal year with a $389 million general fund balance under the $56.6 billion 2019 budget the upper chamber approved this month.

The potential surpluses — less than 1 percent of the overall state budget — are largely the result of continued growth in income tax and sales tax collections, which have outpaced projections from January.

tGreenWay wrote:

LooseGoose wrote:It's so horrible when Michigan must "face" a surplus.....

Projections: Michigan faces $279M to $348M surplus

Put the money to fixing the goddamn roads.