Deadline set for tax cuts.
by TedCNNMoney - President tells U.S. Treasury to implement cuts for 95% of Americans; by April 1, workers will see less taxes withheld from paychecks.
The tax cuts are part of a $787 billion economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.
“I’m pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month,” Obama said in his weekly radio address.
As soon as the IRS releases new tax tables, an update will be available for the PayMaster Program.
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[…] I see you don’t pay attention either. Why am I not surprised? Deadline set for tax cuts.by Ted Deadline set for tax cuts. | Payroll News CNNMoney – President tells U.S. Treasury to implement cuts for 95% of Americans; by April 1, […]