WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today on the Making Work Pay tax credit, which takes effect tomorrow, April 1:
“We have already seen real results from the American Recovery and Reinvestment Act, including jobs saved and created across the country. Tomorrow, we will see another result: tax relief for middle-class Americans.
“Much of the focus of the economic recovery bill was assistance to middle-income families. The ‘Making Work Pay’ tax credit will start showing up in paychecks tomorrow, with credits each month adding up to $400 for adults and $800 for families over the course of a year. This additional money in their paycheck as a result of this tax credit is vital to working families who are struggling to pay their bills and make ends meet during this recession.
“This Democratic Congress has consistently fought for the needs of the middle-class in America, and the ‘Making Work Pay’ tax credit is just one more piece of our efforts to help them face the current economic crisis.”