The US economy continued to roar to life in April under President Trump and the GOP-controlled Congress, with new figures showing the Treasury collecting a record-breaking amount of taxes in the first months of 2018.
According to CNS News, the United States Treasury took in a record breaking $2,007,451,000,000 in the first seven months of fiscal year 2018 (October through April). The tax haul also hit new highs for personal income tax; the earliest time in any fiscal year that income taxes smashed the $1 trillion mark.
“In the month of April itself, the Treasury collected $510,440,000,000 in total taxes, while spending $296,192,000,000—thus, running a surplus for the month of April of $214,255,000,000,” writes CNS.
The staggering surplus comes on the heels of record low unemployment and jobless benefits; highlighting a roaring US economy just months after President Trump signed the sweeping tax overhaul into law.