Higher Payroll Tax to Hurt Economy, Hewitt Says

Feb. 12 (Bloomberg) -- John Hewitt, founder and chief executive officer of Liberty Tax Service, part of JTH Holding Inc., talks about changes in the U.S. tax code this year and the likely impact on consumers, investors and the economy. The U.S. government posted a January budget surplus for the first time in five years, reflecting higher revenue from payroll and individual income taxes. Hewitt speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)