Epic Narrative Fail: Federal Revenue Surges 9% Despite Predictions Of Decline
I & I Editorial Board
May 13, 2025
Back in March, unnamed “senior tax officials” told the Washington Post that the “rapid demolition of parts of the IRS” was going to result in a 10% plunge in revenues this spring.
Actual result: Revenues are up 9% compared with the first four months of last year.
We heard repeated horror stories about DOGE’s devastating spending cuts, too.
Actual result: Spending is up 7% over last year.
Are you noticing a trend here?
According to the Washington Post, “Senior tax officials are bracing for a sharp drop in revenue collected this spring, as an increasing number of individuals and businesses spurn filing their taxes or attempt to skip paying balances owed to the Internal Revenue Service, according to three people with knowledge of tax projections.”
That story was published on March 22 and was widely covered by the rest of the corporate media.
So … just how accurate were these “three people with knowledge of tax projections”?
more
https://issuesinsights.com/2025/05/13/epic-narrative-fail-irs-revenue-surges-9-despite-predictions-of-decline/
