It’s no surprise that revenues came flooding in, but corporate taxes are even better than expected. I had been thinking $+10B would be good, we are currently at $+$20B through 15 days as 2014 has $78B of corporate tax deposits vs $58B in 2013. Offsetting the upside in corporate taxes…withheld taxes are down 4% ($4B) which is curious but not worrying…yet. Altogether, revenues are now up $15B.
No real movemnet in outlays…now sitting at $+44B YOY….up another $1B over the last report.
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