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?
- Sudeep Reddy - Wall Street Journal - @Reddy