The Treasury Department has begun directing employers to reduce the amount of taxes withheld from people's paychecks.
It's part of the economic stimulus package President Barack Obama signed into law this week. Treasury is directing employers to make the changes as soon as possible and no later than April 1.
In his weekly radio and Internet message, Obama says the measure will mean a typical family will bring home at least $65 more every month.
His ambitious $787 billion package of federal spending and tax cuts aims to revive the economy and save or create 3.5 million or more jobs. It's intended to inject a sudden boost of cash into transportation, education, energy and health care. It also offers extended unemployment benefits.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Obama says the stimulus bill is "only a first step on the road to economic recovery." He says the country also needs to repair the banking system, get credit flowing again and stem foreclosures.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus