Consumer Confidence Erases 2012 Gain on Payroll Tax

Consumer Confidence Erases 2012 Gain on Payroll Tax Play

Jan. 29 (Bloomberg) -- Bloomberg's Michael Mckee reports that confidence among U.S. consumers declined more than forecast in January, reaching 58.6, the lowest level in more than a year as higher payroll taxes took a bigger bite out of Americans’ paychecks. He speaks on Bloomberg Television's "Market Makers."

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