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Economy

GREAT AGAIN: US Treasury Collects RECORD TAX HAUL in October

posted by Hannity Staff - 11.14.18

The United States federal government shattered expectations and took in a record-setting tax haul in October; collecting over $250 billion from Americans across the country months after the GOP-sponsored tax cuts.

According to CNS News, the US Treasury collected $252,692,000,000 in October alone -the highest haul on record.

“This October’s record $252,692,000 in total tax collections was $11,414,590,000 more than the $241,277,410,000 (in constant October 2018 dollars) that the federal government collected in October 2017, which was the previous record for federal tax collections in October,” writes CNS.

The strong economic data sets the stage for a high-stakes showdown between the Democrat-controlled House and Republican-led Senate over the fate of the President’s widely popular tax cuts.

Read the full story here.

GREAT AGAIN: US Treasury Collects RECORD TAX REVENUE Through June

posted by Hannity Staff - 7.13.18

The United States Treasury collected a record-breaking tax haul in June 2018; smashing estimates and signaling a robust US economy under President Trump and the GOP-controlled Congress.

According to CNS News, the federal government took in over $1.3 trillion in personal income taxes through the first nine months of fiscal year 2018; the highest number on record.

“The approximately $1,305,490,000,000 in individual income taxes that the Treasury collected in October through June of this fiscal year was $71,815,310,000 more (in constant June 2018 dollars) than the $1,233,674,690,000 (in constant June 2018 dollars) in individual income taxes that the Treasury collected in October through June of fiscal 2017—which was the previous record,” writes CNS.

The strong economic data raises serious questions over the media-hyped “blue wave” predicted for this fall, with House Minority Leader Nancy Pelosi vowing to repeal the GOP-sponsored tax cuts should the Democrats retake the House.

Read the full story here.

GREAT AGAIN: US Treasury Rakes in RECORD TAX HAUL in 2018

posted by Hannity Staff - 10.16.18

The United States’ economy continued to roar to life under President Trump and the Republican-controlled Congress in recent months; racking up a record-setting tax haul for the US Treasury in the 2018 fiscal year.

According to CNS News, “The federal government collected a record $1,683,537,000,000 in individual income taxes in fiscal 2018 (October 2017 through September 2018).”

The previous record for personal income tax was back in 2015.

The strong economic report from the United States Treasury may spell disaster for Democratic hopefuls heading into the highly-contested 2018 midterm elections.

House Minority Leader Nancy Pelosi -and potential Speaker of the House- has vowed to repeal the widely popular GOP tax cuts should her party retake control of Congress this fall.

Read the full story here.

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