Rejoice! The Making Work Pay Credit Will Soon Be Gone
by Byrne Hobart
It may have given a needed boost to the middle class last year, but the Making Work Pay credit also caused a lot of headaches. And since we’ve allegedly been out of this recession for a year, it’s about time we stopped giving handouts to taxpayers.
What’s more enjoyable is that, in any other year, there’d be a stink raised over this. But with midterm elections and everyone raising a bigger stink over the Bush Tax Credits, everyone is too busy protesting what’s happening to other people to realize what’s being taken away from them.
The lack of these tax credits and their fast injection of cash into the economy will probably hurt Obama and economists numbers next year, but for now I say good riddance. It’s been a crutch for too many and a headache for too many tax preparers.
What’s the Making Work Pay credit been like for you? Have any horror stories to share?