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President Obama signed the new payroll tax cut bill into effect last night – another piece of legislation that shows the Republicans in Congress are finally backing down at least a little bit on their market fundamentalist obstructionism.

One of the best and most under-reported aspects of the bill is a provision that encourages employers to promote work-sharing as an alternative to layoffs. Such programs have worked well in Germany and other countries.

One of the nation’s best economists, Dean Baker of the Center for Economic Policy Research, has been touting the concept for years and released the following statement in praise of the new law: Read More