According to CNN:
Federal coffers saw a 7% increase in individual income taxes and payroll taxes, a 15% increase in corporate income taxes, and a 37% increase in money paid to Treasury by the Federal Reserve.Last month, the CBO projected that the 2014 shortfall would decline to 2.8% of gross domestic product — or $492 billion. That is well below the 4.1% — or $680 billion — recorded for fiscal year 2013.
This devastating economic news (for Republicans) is just one of many recent disasters resulting from President Obama’s un-American fiscal policies. April also saw unemployment plummet to 6.3 percent the stock market hit a record high, consumer spending skyrocketed, the US Uninsured rate imploded, and finally insurers confirmed Americans are paying their Obamacare premiums.
The GOP has already attempted to prevent future surpluses by blasting through crushing $310 billion tax cuts to big business and adding that directly to the deficit. But not to worry, they did simultaneously vote down $12 million for disadvantaged children! ‘Murika!
The GOP/Tea Party united prepared a statement to counter all this devastating economic news: “Benghazi.”