November 16, 2009

NO ONE LIKES AN INDIAN GIVER:

Millions may have to repay part of Obama tax credit (Jim Puzzanghera, November 16, 2009, LA Times)

For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.

That's the finding of a government watchdog report out today about the credit, which provides as much as $400 for individuals and as much as $800 for joint filers. It is the signature tax cut that President Obama promised in his campaign and was delivered with much fanfare in February.

Posted by Orrin Judd at November 16, 2009 3:21 PM
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