A recent, little-noticed update on federal revenue projections from the nonpartisan Congressional Budget Office is yet another reason to reject the massive tax increases proposed by the Biden administration.

CBO estimated that going forward federal taxes will bring in significantly more money than previously estimated. In 2022, CBO now projects a 10% increase in revenues. This is particularly good news because tax rates haven’t gone up, meaning that this increased revenue is another sign that our economy is getting back to its pre-pandemic strength. It also reminds us that the 2017 tax reforms and tax cuts that helped create the historically strong pre-pandemic economy are working as intended and must remain in place as we move into the future.