This X post caught our attention and shows marked improvement in the CBO tally of federal revenue collections in June 2025 (up 13%) and the budget deficit far below the average over the past five years.

Here’s the CBO table:

CBO reports tariff revenues were up $18 billion (or 279%) in June 2025 versus June 2024, and collections of income and payroll taxes rose by $55 billion (or 15%), “reflecting higher wages and salaries.”

Tax collections have been strong for the past three months.  This is the opposite story that Washington is telling us, which is that the deficit is worse under Trump. Not true.

When the economy booms, tax collections improve. Our prediction now that the Big Beautiful Bill is law: Expect more fiscal progress in the months and years ahead.