A funny thing happened in February that you haven’t read about: Federal government tax receipts rose 10% to $171 billion, according to the Congressional Budget Office. How could that be? Isn’t the GOP tax reform supposed to be robbing the government of tax revenue and causing deficits to explode? Well, that spin appears to be based on single-entry political bookkeeping.

Source: Wall Street Journal March 10, 2019 22:18 UTC