Payroll Taxes Rise. Consumer Confidence Plummets. Congress Is Shocked. Shocked!
In November, consumer confidence was measured at 71.5. Today, it is barely above 58. That is a major decline. This month, the Social Security/FICA tax was hiked on wage-earners. They are becoming pessimistic. They should. The politicians thought a FICA tax hike was a no-brainer. The economy had recovered. The decrease, which began in 2010, […]
