What Can You Buy With $40?
If Congress fails to extend the payroll 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.
Tell us what $40 means for you and your family.
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Today's Schedule
All times are Eastern Standard Time (EST).
9:45 AM: The President and the Vice President receive the Presidential Daily Briefing
11:45 AM: The President departs the White House en route Joint Base Andrews
12:05 PM: The President and the Vice President attend a ceremony marking the return of the United States Forces – Iraq Colors
12:50 PM: Press Briefing by Press Secretary Jay Carney
1:25 PM: The President arrives at the White House
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