The employee tax credit will start at $500 on July 1 of this year and move to $1,000 January 1 next year, or 2007. Part of the rationale for that is what we've all heard as elected folks over the years, how people who are employed, or at least some who are employed, feel they are hard done by vis-à-vis people who are self-employed in terms of what they can deduct. So this was one way of giving some standard deductions to persons who are employed, rather than self-employed.
On May 30th, 2006. See this statement in context.