Tax Cuts in April

Tax Cuts Start April 1, Obama Says

Tax cuts that are part of the recently passed stimulus package will start April 1, President Barack Obama says, adding that a typical family will take home $65 more a month. "It is only a first step on the road to economic recovery," he says.
Obama's expensive and ambitious package of federal spending and tax cuts is designed to revive the economy and save or create 3.5 million or more jobs. It will inject a sudden boost of cash into transportation, education, energy and health care, while aiming to help recession victims through tax cuts, extended unemployment benefits and short-term health insurance assistance. It also will add to a rapidly growing national debt. And who will the burden of paying back this money fall to? Your children, your grandchildren and their children.