What does $40 mean to you? -White House form
Tell Obama.
Economy • December 2011 • Views: 1,151
Tell us what $40 per paycheck would mean for you and your family. What would you have to give up? We’ll highlight your stories publicly so that they’re part of the debate here in Washington.
This is not a game
If Congress fails to extend the payroll tax cut, the typical family making $50,000 a year will have about $40 less to spend or save with each paycheck. Over the year, that adds up to about $1,000.
Opponents of the payroll tax cut dismiss its impact by insisting $40 isn’t a lot of money, but that’s not the case for many families who are already working hard to make ends meet. Forty dollars buys a tank of gas or a fridge and pantry full of groceries. It covers a water bill or the cost of a prescription.
