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Provide $500 Tax Credit To Low- And Middle-Income Workers |
"Obama will provide all low- and middle-income workers a $500 Making Work Pay tax credit to offset the payroll tax those workers pay in every paycheck."
-- Obama's Blueprint for Change
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FEBRUARY 17, 2009
Final Stimulus Includes Tax Credit
The credit was included in the final version of the stimulus signed by Obama. |
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FEBRUARY 11, 2009
Tax Credits Reduced In Final Version
The compromise bill includes $400 in individual tax credits up to $75,000; beyond that, the credit phases out completely at $100,000. Obama's original plan called for a $500 credit. |
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JANUARY 28, 2009
House-Approved Stimulus Bill Includes Tax Credits
The stimulus package passed by the House included the Making Work Pay Credit, which provides up to a $500 tax cut for individuals making up to $75,000. |
