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Administrator
Currently Offline
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Posts: 4786
Join Date: Jul 2007
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http://news.yahoo.com/s/nm/20090221/ts_nm/us_obama
Quote:
WASHINGTON (Reuters) – President Barack Obama ordered the U.S. Treasury on Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession.
The tax cuts are part of a $787 billion economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.
"I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month," Obama said in his weekly radio address.
"Never before in our history has a tax cut taken effect faster or gone to so many hard-working Americans," he said.
I wish he would do that for last year. I think Bush did that once. 65 dollars will make a big difference over the course of an entire year. Think if you got that as a tax return this year that would be a 780 dollar refund. That would mean a lot to me right now.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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