next to protecting low and middle income families, the plan also speaks about protecting low and moderate income workers by providing a payroll tax credit of 15.3 percent for wages up to $10,000 and $1,530 per worker for all workers with earnings between $10,000 and $40,000. this credit eliminates all payroll taxes for workers with $10,000 or less of earnings, also it eliminates at least the employees’ share (half) of payroll taxes for workers with earnings below $20,000. above $40,000 this credit phases out at a rate of 7.65 percent.