Tax increases gouge low-income consumers. Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out. As a result, more than three ... MOREHusna Haq: Why Is Wal-Mart Worried?
Tax increases gouge low-income consumers. Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out. As a result, more than three ... MORE