[mnehring]

But ...

Darn.. can't see the but because site is blocked by firewall.. want to give us a hint?

[dforest]

This was discussed on Limbaughs show last week. It is not a tax rate cut.

You could end up owing if you are not aware of this.

[WhyisaTexasgirlinPA]

Why is this even being called a tax credit? Isn’t this just withholding less right now but you will still owe the same amount - this isn’t a tax reduction, just not withholding some that you normally would have withheld?

[andy58-in-nh]

I’ve already arranged to increase my withholding. It is amazing how many people out there think they are getting some kind of a tax “cut”. Think they’re mad now about their investment values? Wait until next year....

[Roos_Girl]

My husband and I would rather owe at the end of the year than get money back. It’s our money and we can make use of it the entire year instead of the gov’t making use of it for us.

[KarlInOhio]

If you are married, and both you and your spouse are entitled to President Obama’s economy-saving blockbuster "tax cuts" – which would yield approximately $13 a week in your paycheck through the end of the year, followed by approximately $8 a week until the $800 total is reached

Those numbers aren't working out. $8 per week for 52 weeks is $416. For two people that would be $832, only $32 above the $800.

I don't see where $1600 could come from unless each spouse has two jobs.

[AppyPappy]

I think they mean “underwithheld” rather than “undertaxed”

[NonValueAdded]

Yep, in the irony to end all ironies, this “pre-bate” is really a balloon mortgage.