Tax Hike Continues To Bite Into Diners' Wallets
Diners cut back their spending at casual restaurants in February as the January hike in payroll tax bit into household budgets, according to a closely watched data survey. But shares of restaurant chains were mostly up Tuesday. Sales at casual-dining establishments declined 5.4% last month, following January's 0.6% slip, Bloomberg reported, citing the Knapp-Track Index. With December's 1.6% decline, the three-month span was the worst for the
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