Deeper Dive into Excise and Other Tax Data Not Reassuring

In our last look at taxes we saw the Federal excise taxes don't support the idea of a growing economy. One of the largest components of Excise Taxes is the Highway Trust Fund tax on gasoline. That data is only provided in the Monthly Treasury Statement which comes out on the 8th business day of the following month. The report for May is due on June 12.

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