The Patriot Post® · Record Tax Revenue
“Inflation-adjusted federal tax revenues hit an all-time record of $1,428,710,000,000 from the beginning of the fiscal year on Oct. 1 through April 15,” reports CNS News. The Obama tax increases are certainly picking people’s pockets clean, because the economic recovery isn’t substantial enough to yield those revenues. In fact, the tax increases are suppressing recovery. We note that the previous record was $37 billion less, set in 2008 when the Bush tax rates were still in effect, even for the “rich.” Also, our national debt continues to grow despite record revenue. To state what should be obvious, those facts indicate a spending problem.