News
Washington Times | LAMBRO: Reid’s legislative trap
Senate leader intends to blame GOP for payroll-tax hike.
Politico | Payroll tax cut down to who blinks first
The hardened positions suggest the impasse will stretch on for at least a few more days — and possibly even into the new year, when American paychecks will shrink by 2 percent if there’s no deal.
Econ Comments
CNN: Money | Payroll tax deadlock could hobble economy
Most of the economists surveyed worry that raising the tax bite on most workers by up to $2,000 will put a crimp in spending in the new year and will be a drag on the economy.
WSJ | Want Growth? Try Stable Tax Policy
The payroll tax cut is one of 84 tax provisions expiring this year, 10 times as many as expired in 1999.
Blogs
WSJ: Real Time Economics | Vital Signs: Slower Growth in State Tax Revenue
State tax revenue has slowed its rate of growth. In the third quarter, states saw their overall tax revenue increase 5.6% from the same period a year ago.
