Don’t go planning on spending that “tax cut” that’s been promised to begin on April 1.
In what is perhaps the very first April Fool’s joke by the US Government, the tax cut announced by B. Hussein is anything BUT a tax cut.
You see, Obama announced that he has ordered employers to cut taxes taken from workers’ paychecks as part of his effort to boost a worsening U.S. economy.
But the key is in the wording. Yes, he HAS ordered employers to cut witholding of taxes in workers paychecks. However, what ISN’T being reported is that the tax tables are unchanged for 2009. The tax RATE is unchanged , but employees will have $65 less WITHHELD from their check.
And to add insult to injury, those who do not make enough to OWE income taxes can “file for their share”.
But then again, what does one expect from an administration that nominates tax cheats for cabinet positions.
Maybe one of the Tea Party protesters can help spread the word.
Grab your ankles….