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Rahall Announces Make Work Pay Tax Cuts 

4/1/2009 

WASHINGTON, D.C. – U.S. Representative Nick J. Rahall (D-WV), today announced the Make Work Pay tax cuts laid out in the American Recovery and Reinvestment Act (ARRA) have gone into effect, benefiting as many as 700,000 families in West Virginia.

 

"Here in southern West Virginia, the plight of our economy has shown itself most vividly on Main Street," said Rahall. "These tax cuts are to help middle-class families get back on their feet and restore some fairness to the tax code."

 

Since the ARRA was enacted, American workers have seen increases in their paychecks reflecting the new credit and the Administration’s commitment to the middle class.  IRS guidance asks that, by April 1, employers must have instituted the lower withholdings for their employees.

 

This tax cut should let families see at least a $65 dollar per month increase in their take home pay. The credit will phase out for taxpayers with adjusted gross income in excess of $150,000 for married couples filing jointly and $75,000 for other workers, and thus is fully phased out for taxpayers with modified adjusted gross income in excess of $190,000 for married workers and $95,000 for other workers.

 

“This tax cut will see that West Virginia families are squeezed less by current economic uncertainties.  With more of the hard earned money of West Virginia workers being spent to benefit families and our local communities, West Virginia's economy wins,” said Rahall.

Rachael Berkey