Treasury Orders Paycheck Tax Reductions

WASHINGTON (AP) - The Treasury Department has begun directing
employers to reduce the amount of taxes withheld from people's
paychecks.
It's part of the economic stimulus package President Barack
Obama signed into law this week. Treasury is directing employers to
make the changes as soon as possible and no later than April 1.
In his weekly radio and Internet message, Obama says the measure
will mean a typical family will bring home at least $65 more every
month.
His ambitious $787 billion package of federal spending and tax
cuts aims to revive the economy and save or create 3.5 million or
more jobs. It's intended to inject a sudden boost of cash into
transportation, education, energy and health care. It also offers
extended unemployment benefits.
Obama says the stimulus bill is "only a first step on the road
to economic recovery." He says the country also needs to repair
the banking system, get credit flowing again and stem foreclosures.