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What Effect Will Payroll Taxes Hikes Have On Consumer Spending?

Description:Wall Street was little changed after data showed that jobless claims increased last week, just one week after jumping to a five year low, but data also showed that consumer spending in U.S. rose in December as incomes grew by the most in eight years. Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, will weigh in about the mixed data and what effect the increase in taxes will have on consumer spending in the coming months. Data showed the number of Americans filing new cla (4:27)

Source: IBTimesTV

Tags: ibtimestv , consumer , effect , have