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Are Tax Cuts Helping US Consumers Spend More?

Ricky Cove
Are Tax Cuts Helping US Consumers Spend More?

The Bureau of Economic Analysis (or BEA), which is part of the US Department of Commerce, releases a monthly report on personal income, disposable personal income, and personal consumption expenditures of US consumers. On May 31, the BEA released its report on personal income and spending for April. The report indicated that personal income rose 0.3% in April.