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Payroll Tax Holiday Is Over, Are People Spending Less?

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The "payroll tax holiday” enacted two years ago to stimulate the economy expired on January 1. Retailers, restaurants and other businesses say that reduced take-home pay for consumers is taking a bite out of sales. Sudeep Reddy is economics reporter for the Wall Street Journal.  He blogs at Real Time Economics.

Credits

Guest:
Sudeep Reddy - Wall Street Journal - @Reddy

Host:
Warren Olney

Producers:
Evan George, Katie Cooper, Christian Bordal