President Barack Obama’s former economic aide, Larry Summers, said on Thursday that the payroll tax break for 160 million Americans should be extended in order to help promote economic growth.
Another set of tax breaks for all Americans are set to expire at the end of the year and government spending is expected to shrink – a combination of financial shocks often referred to as the fiscal cliff.
Thank you Mr. Summers, how long has this been on the table in Washington?
