President Obama yesterday asked Americans to share their stories, and tell him what losing $40 per paycheck would mean to their family. Of the thousands that responded, many were single moms, who sent us photos, tweets, and emails that illustrate just how important decisions made in Washington are to regular people across the country.
At the end of this month, a two-month extension of the payroll tax cut will expire. If Congress doesn't act, taxes will go up on 160 million hardworking Americans. For a family making about $50,000 a year, the payroll tax cut amounts to about $1,000 a year, or about $40 in every paycheck. It may not seem like a lot of money to some people, but for single moms who wrote to us today, that money can make a big difference. Here are some of their stories:
I'm a single mom and $40.00 means an inhaler for my little girl! She suffers from asthma and her insurance only covers (with co-payment) one inhaler a month and sometimes I have to purchase 2 - 3 a month. So, $40 may not be much for some but it means I can provide for my kid's well being. -- Kathy from Florida
$40 a month helps me pay for the things my daughter needs to play for her high school softball team. Her sports drinks, her cleats, or gloves or whatever it may be that she needs. I am a single mom trying to give my daughter things my parents couldn't afford. Please don't take those $40 a pay away -- Annette from New Jersey
I am a single mom and I have one son still at home. He is 14 and injured his knee in October, and $40 a month means I can afford the $30 co-pay for the orthopedic surgeon visits or the out-of-pocket deductible for his physical therapy. But more than that, if he hadn't had this injury, that $40 a paycheck would still mean a lot to both of us. It might mean he and I could go to the movies and get burgers afterwards, or I could buy him a pair of jeans, or a tank of gas for our car. It would mean we could have a little bit more and that has been nice. I have so very much appreciated the tax relief and the extra money this bill has provided and I know millions of others Americans like me feel the same -- Deborah from Ohio
$40 dollars puts one tank of gas in my economy car. It gives me the gas money I need to drive my son to school. When you are a single mother trying to send a child through college every penny counts -- Marie from New Mexico