[microeconomist]

I hate to burst anyone’s bubble, but a $343 billion swing in net surplus, from May to June, isn’t explained by a $4 billion swing in tariff revenues. Hint: June is the month of quarterly estimated tax payments.

[BeauBo]

“a $343 billion swing in net surplus, from May to June, isn’t explained by a $4 billion swing in tariff revenues.”

Check those numbers against the article (and other sources).

The budget surplus in June was $27 Billion.

Tariff revenue was also $27 Billion in June.

At this week’s televised cabinet meeting, Treasury Secretary Bessent said we could expect that tariff revenue could be well over $300 billion by the end of this year (31 December).

[lewislynn]

Since when are estimated tax payments considered a “surplus” in revenue?

[FreeReign]

I hate to burst anyone’s bubble, but a $343 billion swing in net surplus, from May to June, isn’t explained by a $4 billion swing in tariff revenues. Hint: June is the month of quarterly estimated tax payments.

I thought July was quarterly tax payments.

Either ways it's been eight years since we've had a June surplus.