Tax credits for working families will soon begin appearing in the paychecks of Rutherford County residents. Democrats passed the tax credits in February’s federal stimulus bill.
Rep. Bart Gordon (D-6) said over time the extra money in your pay check will amount to about $800 over the next two years.
Republicans opposed tax cuts and other tax credits for 95% of working families in Rutherford County. And now they’re working to deny extended benefits to the unemployed. Here’s an excerpt from a story in the Murfreesboro Post:
“When we passed the Economic Recovery package in February,” explained Congressman Bart Gordon, “we designed it to provide regular tax relief to individuals and families with the idea that they would, in turn, use the extra money to stimulate the economy.”
The Making Work Pay (MWP) tax credit, a measure included in the American Recovery and Reinvestment Act, which was signed into law on February 17, 2009, will provide 95% of working families with immediate tax relief. Rather than receiving a single tax rebate check, working Americans will see more money in each of their paychecks.
“Families should see at least a $65 dollar-per-month increase in their take-home pay starting this month,” said Gordon. “At first glance, this may not sound like much money, but over the course of the next two years, it could amount to an additional $800 for individuals and $1,600 for families.”
[...] voted for these stimulus funds, tax credits and tax cuts for 95% of working families in February as an emergency backstop to a recession caused [...]