Are Declining Federal Tax Receipts A Harbinger Of Recession? Or Tax Cuts?

Typically, before and during economic recessions, Federal government tax receipts plunge like a paralyzed falcon. And they are plunging again.

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Could it be the tax cuts taking effect? Or is it a precursor to a recession? Or both?

Inquiring minds want to know!

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My favorite!

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Or this Federal Reserve newspaper cover!

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