The $500-per-worker credit for lower- and middle-income taxpayers that Obama outlined during his presidential campaign was scaled back to $400 during bargaining by the Democratic-controlled Congress and White House. Couples would receive $800 instead of $1,000. Over two years, that move would pump about $25 billion less into the economy than had been previously planned.What Walmart has done. (Regardless of paying income taxes or not).
Officials estimated it would mean about $13 a week more in people's paychecks when withholding tables are adjusted in late spring. Critics say that's unlikely to do much to boost consumption.
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Thursday, February 12, 2009
Congress "gives" some taxpayers $13/week this year; Walmart triples that for everyone forever
What Congress has done:
Labels:
Congress,
economic growth,
Walmart
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