Americans feel austerity's bite as payroll taxes rise

WASHINGTON (Reuters) – Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year. In Warren, Rhode Island, Ben DeCastro …
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