Congress Is Fat and Happy

Senate Democrats voted on Sunday to raise taxes by about $313 billion, and the House of Representatives is expected to follow a party line vote on Friday. If you think Congress needs the money, the Congressional Budget Office reported Monday that tax revenue will continue to pour in at a rapid pace this fiscal year.

Tax revenue through July, the first 10 months of the fiscal year, grew 24%, or $789 billion, year over year. Yes, you read it right. Tax revenue in 10 months under current tax law and prior to this new tax increase exceeded $4.1 trillion.

https://www.wsj.com/articles/congress-is-fat-and-happy-tax-revenue-senate-democrats-congressional-budget-office-11660083674 Congress Is Fat and Happy

Alley Einstein

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