Big money coming our way

According to an AP report, the tax cuts in economic stimulus plan, dubbed “Making Work Pay”, were scaled back in the final version of the bill.

Instead of a $500 tax cut, individuals will receive $400. Couples will benefit to the tune of $800 instead of a $1000.

That translates to a whopping $7.70 per week for the average American.

Meanwhile, GM gets a $3.2 billion tax break. You’ve got to love the government propping up failing companies.

I will refrain from making big plans for my windfall, since the inflation inherent in all of this government borrowing and printing of money will likely wipe out any gain.

Click for the AP story