With all the negative press President Trump is receiving from his new tax plan, we wonder how much of it is really true.
Former secretary of labor under President Barack Obama, Tom Perez, has been the chairman of the Democratic National committee for just under a year now. During his time working for the Democratic Party, he mad a lot of headline-catching comments. Back in May of 2017, Perez said that if President Trump gave Russia their compounds back, this would mean that his allegiances were to Russian President Vladimir Putin.
Additionally, Perez made a horrible error over the Constitution, speaking at Indiana University Law School in 2017. Perez claimed that the electoral colleges wasn’t part of the the founding document.
“The notion that Republicans have outraised Democrats is not a new proposition. Back in 2005, the Republican National Committee outraised the Democratic National Committee two to one. And we took over the House of Representatives in 2006.
And this year we had our best year since 2013. Republicans have more wealthy donors. We are talking to ordinary Americans. We are not talking to simply the one percent. We raise more money in 2013. We don’t raise as much money as the Republicans because quite simply they got this massive tax cut that benefits corporations and very, very wealthy people.”
In January alone, the government collected more taxes than ever before for that month, according to the Monthly Treasury Statement. The Treasury just released numbers and they reveal that the federal government ran a surplus for the month.
The Treasury brought in approximately $361 billion in total tax revenue for the month of January and managed to only spend roughly $311.8 billion. This means it ran a surplus of over $49.2 billion.
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Although the surplus numbers look great, the government still has a deficit of approximately $175.7 billion for the 2018 fiscal year. This is because it began the month of January with a deficit of almost $225 billion.
Donald Trump is getting the U.S. economy back to basics and the result was a remarkable budget SURPLUS of nearly $50 billion dollars last month. The Establishment Media is largely ignoring this remarkable turn of events. https://t.co/o985GYm4HJ
— Bill Mitchell (@mitchellvii) February 13, 2018
The surplus of over $49 billion is definitely a number Trump’s detractors won’t want to cover.
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