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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.“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,†the analysts said in their monthly budget 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.â€Official numbers are due out from the Treasury Department in a few days, but the CBO is usually accurate to within a couple billion dollars.April is always a strong month for government finances, with taxpayers filing their returns for the previous year and settling up what they owe, even as expenditures often dip for the month.But this year was particularly strong, with receipts jumping 13 percent compared to a year ago.The news couldn’t come at a better time for President Trump and congressional Republicans, who were facing major questions about the damage last year’s tax-cut package might do to future deficits. Just a month ago the CBO projected that the deficit would quickly soar back to $1 trillion a year.So far, seven months into fiscal year 2018, the government is running a $382 billion deficit.
April almost always shows a huge budget surplus. This isn't anything new, it is just a matter of timing because of when tax payments come in. You can find this same story almost every year with only a gap from 2009-2011.Examples:2012- https://www.huffingtonpost.com/2012/05/08/president-obama-budget-surplus_n_1499266.html2013- https://thedailyrecord.com/2013/05/12/u-s-shows-budget-surplus-for-april/Last year- https://www.wsj.com/articles/u-s-runs-182-billion-budget-surplus-in-april-treasury-says-1494439776One of those mundane, happens every year as part of a cycle event that the press always spins in some way as a big deal.
@Mod*Arghh, this is a duplicate: http://www.gopbriefingroom.com/index.php/topic,315356.msg1678928/topicseen.html#msg1678928
It has been mergedated.
I did the search and saw nothing so I created the thread and immediately saw on the front page that it was a duplicate. Arghh!
Don't let it discourage you from posting Threads @endicom. I and many other Briefers, I'm sure, appreciate your selection AND effort.