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Opening Arguments

Is it 2010 yet?

With swine H1NI flu sucking up all the news space, let's not forget to pause and observe another newsorthy event -- a milestone, even -- from this week:

Congress signed off on President Obama's $3.6 trillion budget largely along party lines Wednesday night, handing him a legislative victory that paves the way for a health care overhaul.

Years from now, everyone will look back on the passage of that budget as a seminal moment. Of what -- you fill in the blank.

Oh, and this just in:

Millions of Americans enjoying their small windfall from President Barack Obama's "Making Work Pay" tax credit are in for an unpleasant surprise next spring.

The government is going to want some of that money back.

The tax credit is supposed to provide up to $400 to individuals and $800 to married couples as part of the massive economic recovery package enacted in February. Most workers started receiving the credit through small increases in their paychecks in the past month.

But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.

Comments

tim zank
Fri, 05/01/2009 - 11:10am

Good thing they took their time and considered all the reactions to that action.

/sarc

Bob G.
Fri, 05/01/2009 - 1:20pm

Now I know how the ORIGINAL "Native Ameicans" felt...

No good deed ever goes unpunished, does it?
And no IRS is a good IRS.

Hell, Tim...THESE jerks aren't into KNEE-JERKS any longer...it's a full-blown twitching-ass SPAZ attack!

Wonder what is in THEIR water anyway?

tim zank
Fri, 05/01/2009 - 2:57pm

I am absolutely amazed at the decisions made by damn near EVERYONE (govt-business-education) anymore without thinking ahead of the consequences.

I had a great boss tell me long ago when he brought me in to his management team, whenever making a decision, ALWAYS identify immediately the very next 3 things that will happen as a result of that decision. You'd be amazed what an effective tool that is.

Steve G
Mon, 05/04/2009 - 8:34pm

This may be the big break conservatives are hoping for. When some taxpayers think they paid less taxes because they received a larger refund than the previous year, now they receive a (much) smaller refund they will think they paid more in taxes. They will be all upset their taxes were increased instead of the Obama-promised tax cuts. Count on the lack of understanding of the American taxpayer.

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