Weekly Address: Recovery Act Benefiting American Families During Tax Season
WASHINGTON – In his weekly address, President Barack Obama spoke to the American people about how to take advantage of Recovery Act tax benefits ahead of Tax Day – April 15, 2010. Largely due to the Recovery Act, the average tax refund is up nearly 10 percent this year. One-third of the Recovery Act was made up of tax cuts – tax cuts that have already provided more than $160 billion in relief for families and businesses, and nearly $100 billion of that directly into the pockets of working Americans. To help taxpayers see for themselves exactly how they can benefit from Recovery Act tax credits and collect every dollar owed when they file this tax season, the White House launched a new interactive Tax Savings Tool available at www.WhiteHouse.gov/Recovery.
A fact sheet about the tax benefits in the Recovery Act is below the text.
The full audio of the address is HERE. The video can be viewed online at www.whitehouse.gov.
Remarks of President Barack Obama
Weekly Address
The White House
April 10, 2010
Weekly Address
The White House
April 10, 2010
All across America are good, decent folks who meet their obligations each and every day. They work hard. They support their families. They try to make an honest living the best they can. And this weekend, many are sitting down to pay the taxes they owe – not because it’s fun, but because it’s a fundamental responsibility of our citizenship.
But in tough times, when many families are having trouble just making it all work, Tax Day can seem even more daunting. This year, however, many Americans are seeing some welcome relief.
So far, Americans who have filed their taxes have discovered that the average refund is up nearly ten percent this year – to an all-time high of about $3,000. This is due in large part to the Recovery Act. In fact, one-third of the Recovery Act was made up of tax cuts – tax cuts that have already provided more than $160 billion in relief for