Quote:
Originally posted by sgtclub - WASHINGTON, Jan 7 (Reuters) - The U.S. government ran a $1 billion budget surplus in December, helped by a rise in corporate tax payments, the Congressional Budget Office said in its latest budget report released on Friday.
The surplus, which compared with an $18 billion deficit in the previous December, helped create a smaller fiscal deficit for the first three months of the 2005 fiscal year, than in the same quarter of the prior year.
http://www.reuters.com/financeNewsAr...toryID=7268095
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So much for your theory that higher tax revenues are not the key to deficit reduction.
