Federal Tax Receipts Continue to Plunge, Giving the Lie to Economic Recovery
Federal income tax withholdings fell 33% in May from the year before, exceeding the 30% year-on-year drop in April. That’s an indication not only that the economy didn’t improve in May, but also that the rosy May jobs report was completely incorrect. The jobs report had indicated that the US economy had added 2.5 million […]
Continue Reading