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.
Payroll Tax Holiday Is Over, Are People Spending Less?
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Credits
Guest:
Sudeep Reddy - Wall Street Journal -
@Reddy
Host:
Warren Olney
Producers:
Evan George,
Katie Cooper,
Christian Bordal