US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 BillionTuesday September 19th, 2006

WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax
payments, the Treasury said Monday.

Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said. Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year. Treasury Undersecretary for Domestic Finance Randal Quarles said Friday's numbers provided a "continuing demonstration of the strength of the U.S. economy." "In fact, Friday's gross receipts were the largest in a single day in the nation's history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement.

By Benton Ives-Halperin, Dow Jones Newswires; 202-862-9255; Benton.Ives-Halperin@dowjones.com

Tuesday September 19th, 2006 / 0h04

And the liberials still claim tax cuts don't work. And some in this country would trust these nuts to run this country again. I just don't get it. President Reagan was right and President George W. Bush was right. Tax cuts work.