Republicans: Payroll Tax Holiday Isn't "Stimulating" Enough

December 12, 2011 12:11 pm ET

A prominent group of Republican lawmakers are opposing Obama administration efforts to extend a payroll tax holiday — due to expire on December 31 — that would continue putting more money in the pockets of working Americans. Opponents lean heavily on the argument that the current payroll tax holiday has not had a sufficiently stimulative effect on the economy, but experts disagree, arguing that the holiday has helped bolster the recovering economy.

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