Is anyone paying attention, or have you all been "drinking the Kool-aid"?
Here's how a tax cut for working Americans making less that $250K per year works via "Obamanomics";
Effective April 1, 2009, you'll see up to $400 more per year in your "take-home" paycheck.
How? Employers will be receiving new charts to calculate Federal Withholding from your checks using the new "Obamanomics" guidelines. Great news, right? WRONG
The tables used to calculate the amount of tax OWED AT THE END OF THE YEAR WILL NOT CHANGE.
Adjust your exemptions now or owe more to the Fed. on April 15, 2010.
Of course, if you like to leave your money in the hands of Pelosi & Reid (interest free) year after year, you'll be fine. Enjoy your new-found wealth.
They'll get it back from you later.
So, you may be saying, Bush did the same thing last year, right? Yes. But he didn't call it a "Tax Cut". A tax cut means you get to keep more of YOUR MONEY. This shell game that our President is playing is designed to make it look like he kept his campaign promise.
The only promises he is planning on keeping are the ones he made to his base, The Left.