A Smarter Stimulus
Cutting taxes is usually a surefire political winner. Yet Barack Obama’s plan to include more than a hundred billion dollars in individual tax rebates in his stimulus package has earned him criticism from both ends of the political spectrum. Critics in his own party think the rebate, which Obama wants to distribute by reducing people’s withholding payments, will be too small to make a difference—the equivalent of an extra forty dollars or so a month. ... Full Story »
Posted by Leo Romero
Unless the Pay Roll cuts described include FICA, these payroll deductions are, for 90%, of the workforce simply early refunds of their current annual refund from thier jobs. Most working families pay ONLY FICA and State Taxes. Still better than nothing.