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Reply #4: The bill should be modified to provide a credit for those people. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-08-10 09:10 AM
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4. The bill should be modified to provide a credit for those people.
Edited on Wed Dec-08-10 09:17 AM by Statistical
Shouldn't be difficult. Technically one has to earn >$6,400 to get full "making work pay credit" ($400) in 2009/2010 so this only affects people making between $6,400 & $20,000.

Also it is the difference of $400 - income * 0.02 so the amount is rather small. The bill should be ammended to provide a credit/offset for those affected. It is a small amount of people and a small amount per person. The total cost has to be a fraction of a billion. Essentially a rounding error in US budget.

Also the list above is missing some groups of persons who benefit:
* anyone making more than $20K annually
* anyone who is unemployed in 2011.
* any family making more than $40K annually.
* anyone who couldn't afford losing $600 per child tax credit.
* anyone who couldn't afford having their margin tax rate jump from 10% to 15%
etc
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