Correct.
The proper comparison is vs the same period in prior years.
It is a record for January so it is a comparison of prior years.
I can’t get the article but it would be interesting to see DEC/JAN compared to prior years.
Lot’s of things go into this figure.....but Dems would tell you it is simply not possible to lower rates and collect more revenue.....despite the historical evidence supporting tax revenue increases. Wait until the companies who said they were bringing back the money actually start to do so. I doubt much of this has actually taken place yet given when the bill was passed. This wave has yet to hit the shores and will be enormous.
All of the revenue generated by companies bringing funds back to the US should be used for debt reduction.