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)
Posted by Orrin Judd at November 16, 2009 3:21 PMFor 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.
