This is Obama's idea of a tax cut
Posted: February 11th, 2009, 6:47 pm
Read this in a Q and A about the stimulus bill on yahoonews:
$13 a week? Gee, thanks Obama. Maybe now I'll take the family out to Wendy's with my big tax cut!
Q: What are some of the tax breaks in the bill?
A: It includes Obama's signature "Making Work Pay" tax credit for 95 percent of workers, though negotiators agreed to trim the credit to $400 a year instead of $500 — or $800 for married couples, cut from Obama's original proposal of $1,000. It would begin showing up in most workers' paychecks in June as an extra $13 a week in take-home pay, falling to about $8 a week next January.
$13 a week? Gee, thanks Obama. Maybe now I'll take the family out to Wendy's with my big tax cut!
