April resulted in the biggest government surplus on record, and it could all be thanks to President Donald Trump’s tax cuts.
From Conservative Tribune:
According to The Washington Times, the federal government took in $515 billion in April and spent $297 billion, leading to a surplus of $218 billion.
April is always a good month for the federal government, with so many Americans settling up with the IRS.
“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” CBO analysts said in a monthly 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 understood as more detailed information becomes available later this year.”
The best month during President Barack Obama’s time in office was April 2015, when the government surplus hit nearly $157 billion. Obama also did not see a single month where the federal government was in the black until April of 2012, nearly four years into his presidency and well into his re-election campaign.
Trump is in the middle of accomplishing things that Obama literally couldn’t get done in 8 years. And liberals are still crying over Trump’s win a year later!