To the Point
Payroll Tax Holiday Is Over, Are People Spending Less?
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 .
By Warren Olney • • 1 min readThe "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.
