Economy: Economic News, Policy & Analysis - The Washington Post: The payroll tax hike wiped out a year's worth of wage gains

Economy: Economic News, Policy & Analysis - The Washington Post
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The payroll tax hike wiped out a year's worth of wage gains
Jan 8th 2013, 16:38

The good news: Many Americans saw their paychecks get fatter in 2012, as average weekly earnings rose 2.4 percent over the course of the year.

The bad news: The expiration of the payroll tax cut this January will basically wipe away all of last year's gains.

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