Mean less spending and a weaker economy? hi, everyone, i m brenda buttner, this is bulls and bears, here they are, the bulls and bears this week, gary b smith, tobin smith, jonas max ferris along with walker stableton and steffen, gary b. it turns out not just the rich, but the payroll tax hike smacking just about all workers, will it smack the economy next? i don t see how it can t, brenda. the person in that little clip summed it up perfectly. it makes a little bit of a difference and a little bit of a difference times a few hundred million people makes a big difference. it s already been studied by economists, they predict 4 to 500,000 jobs lost, 1/2% lopped off the the gdp. if you look around the studio there, everyone that gets a paycheck, like they said in that little clip, sees less he money. that s less money they were going to spend on groceries, at the drug store, the gas station and that money gets sucked out of the economy, so do jobs.