The White House called on Americans to add their voice to the conversation in Washington, DC about why we need to extend the payroll tax cut. If Congress fails to extend this 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. Here's what #40dollars means to you:
- — Kendra Gort (@KendraGort)Tue, Dec 20 2011 22:02:34
- — Philip Kibbey (@Philip_Kibbey)Tue, Dec 20 2011 22:08:50#40dollars is 8 days worth of fares on the DC Metro from McPherson Square to Virginia Square during rush hour. Roughly a weeks worth.
- — Dawn Hyde (@dawnmhyde)Wed, Dec 21 2011 02:31:58#40dollars a paycheck means to me, a tank of gas, extra on my student loans, extra on credit cards, a night out or winter gas hear bill!