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.
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