Tax-refund delays could be enough to send U.S. into recession

12/17/2012 | Barron's (subscription required)

If it takes too long to head off the "fiscal cliff," the Internal Revenue Service may be forced to push tax refunds into the second quarter as taxpayers hold off filing their returns, potentially taking more than $200 million out of the pockets of consumers in the second quarter. If even $100 million of refunds are delayed, that could cut retail spending and send the U.S. economy into recession.

View Full Article in:

Barron's (subscription required)

Published in Briefs: