“The short-term help would flow partly from tax cuts of $1,000 for couples and $500 for individuals, costing about $140 billion over 2009-2010. The Obama team, said two congressional Democratic aides familiar with the discussions, will likely deliver those tax cuts by reducing the tax withheld from paychecks.” (MSNBC, Wednesday)
Merry Christmas
FEE Timely Classic:
“Wartime Origins of Modern Income-Tax Withholding” by Robert Higgs