Payroll tax cut won't cover Obama gas price rise

 

Published: February 15, 2012

Forget all the happy talk about how Americans, flush with their $1,000 payroll tax cut set to be extended by Congress, will be hitting the mall to spend, spend, spend. That cool grand won't even cover the surge in gas prices under President Obama and will have to be nearly doubled if summer predictions of $5 regular come true.

The math is simple: according to government and consumer group figures, Americans pay an...


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