President Bush on Friday touted the roughly $168 billion in rebates set to begin reaching Americans by Monday as a means of breathing life into a sluggish economy.
"The money is going to help Americans offset the high prices we're seeing at the gas pumps and the grocery store and will also give our economy a boost to help us pull out of this economic slowdown," he said during brief remarks at the White House.
Bush said that beginning Monday "more than 7 million Americans will receive their rebates electronically." On May 9, millions more would receive their payments by paper check, he said. Roughly 130 million households are expected to get the rebates.
The economic stimulus package, which offers up to $600 to individual taxpayers and $1,200 to couples, also provides an additional $300 in rebates for each child and for non-taxpaying
families. It was suggested by the White House and Congress approved the measure in January.
3 comments:
Yay. Pretty sure I'll be paying our estimated taxes with that check. So much for stimulating the economy. The Nine West outlet at the Lake will just have to wait.
It sucks being married and having to pay in, we did the same thing! Hopefully next year will be better after we have the kid!
Ah yes, the tax deduction! :)
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