The Corner

I Did Not Know That

Michael Darda on NRO today:

According to the Treasury department, the U.S. government took in a single-day record $61 billion in tax receipts on June 15. This surpassed the previous single-day high of $56 billion set on December 15, 2000. The recent surge in tax revenues is not just a one-day event. Fiscal year to date, total government receipts are up 15.5 percent, the fastest rate of increase on a comparable FYTD basis since 1981. The difference between the growth rate of tax revenues and the growth rate of government spending has widened to 8.4 percentage points, the largest since late 2000 when the budget was in surplus.

Jonah Goldberg — Jonah Goldberg is a fellow at the American Enterprise Institute and a senior editor of National Review. His new book, The Suicide of The West, will be released on April 24.

Most Popular

World

Trump and the North Korean Tipping Point

The world has been stunned by North Korean dictator Kim Jong Un’s announcement last week that he was suspending his country’s nuclear tests in preparation for the impending meeting with President Trump. Even critics have had to concede that Trump’s bellicose rhetoric since last summer regarding the North ... Read More
Politics & Policy

E Pluribus . . . Gridlock

A mantra we hear everywhere these days is that diversity is a good thing. And no doubt, it is. Diversity facilitates an exchange of ideas and opinions, and it promotes economic growth. Moreover, the alternative to diversity is to suppress the views and opinions of some subset of citizens, which is completely ... Read More
Economy & Business

Trade Misunderstandings

I was distracted by other policy topics last week but not enough not to notice Peter Navarro’s article in the Wall Street Journal, headlined “China’s Faux Comparative Advantage.” Considering Navarro’s position in the White House, it is unfortunate that it demonstrates some serious misunderstandings ... Read More