4.6: Tax Cut
A tax cut for 95 percent of workers and their families -- plus seniors. Other Information:
Barack Obama and Joe Biden propose a permanent tax cut of $500 for workers and $1,000 for families. A first round of these
tax credits could be mailed out quickly by the IRS based on tax returns already filed for tax year 2007. In addition, Obama
and Biden would extend these expedited tax credits to senior citizens who are retired as a down payment on his plan to eliminate
taxes for all seniors making up to $50,000.
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