The recent payroll tax increase or other fiscal tightening in Washington could be partly to blame for the sudden retreat in hiring, but neither seems to be showing up much yet in other relevant economic data. (nytimes.com)
Since the proposed CPP premium hikes would provide workers correspondingly higher benefits in retirement, they are not like an ordinary payroll tax increase. (theglobeandmail.com)
In the last couple of months, the stock market has made new highs while the economy has been just shambling along, and consumer savings have been stretched to make up for the payroll tax increase. (businessinsider.com)