That “Tax Cut” Won’t Make A Dent

For everyone disappointed by the news that there will not be a second stimulus check coming this month, it’s probably tempting to take heart in Obama’s promised tax cut ($500 for individuals, $1000 for couples).

Except that a tax cut won’t make much of an impact on the nation’s economy, much less an individual’s wallet.

Over the year, this translates to an addition $44 each month, per person, or about $22 in the average paycheck.

Twenty-two dollars per month. Do you feel economically recovered now?


One Response to “That “Tax Cut” Won’t Make A Dent”
Comment by Jay C.
2009-01-08 12:20:33

Maybe Sweet Little Lies by Fleetwood Mac will be The Obama’s theme song for his entire presidency, yes?

 

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