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Friday, December 9, 2016

A leading independent financial analyst warned on Tuesday that allowing the president’s payroll tax cut for workers to expire on December 31 might reduce GDP growth by as much as 1.5 percent in the first quarter of next year. And that fits in perfectly with Republican strategy.

Senate Minority Leader Mitch McConnell — who famously intoned last year that making Obama a one-term president was his “single most important political goal along with every active Republican in the country” — seems to be keeping true to his word.

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Copyright 2011 The National Memo