AntonToo
Diamond Member
- Jun 13, 2016
- 32,437
- 9,626
- 1,340
June revenue numbers are out and it ain't looking pretty for our fiscal situation.
Free lunch tax-cut theorists need to pay attention here.
Compared to same period in FY2017:
Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B
So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.
Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.
Monthly Treasury Statement
Free lunch tax-cut theorists need to pay attention here.
Compared to same period in FY2017:
Oct 18 + $14B
Nov 18 + $8B
Dec 18 + $7B
Jan 18 + $17B
<<<<<TAX-CUTS PHASED IN
Feb 18 - $16B
March 18 - $6B
May 18 - $23B
June 18 - $32B
So without counting April when 2017 taxes were settled, instead of 11 billion average monthly revenue growth there is 19 billion shortfall.
Total effect is 30 billion monthly revenue reduction trend so far since tax-cuts went into effect.
Monthly Treasury Statement
Last edited: