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Old 02-22-2013, 10:34 AM
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Default Consumer Spending Plummets After Payroll Tax Increase

Consumer Spending Plummets After Payroll Tax Increase

When President Barack Obama and Congress agreed to increase the federal payroll tax by two percent to temporarily avert the so-called fiscal cliff in January, Americans were left with less money to spend. Now, some of the country's largest companies are seeing sales plummet as a result.
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