6:50 AM

Meltdown 101

Posted by Skye |

Looks like AP went were no one, especially the current administration, dared to tread:

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.

That amount would not fill the gas tank of Tom Daschel's car, nor will it change anyone's taxbracket.

Clicky Web Analytics