Earlier today, Congressional leaders reportedly reached an agreement on the economic stimulus plan.
The agreement is thought to be a mishmosh of the plans offered up earlier.
The Democrats failed to gain increases in food stamp and unemployment benefits (increased unemployment benefits were also part of Obama’s plan) that they hoped for. The Democrats did, however, win a key point which would allow almost every worker a rebate – even those who do not pay income tax.
Families look to be the overall winner with a rebate of an additional $300 per child, subject to an overall cap of $1,200 (hmm, I wonder if I could have another child before the end of the year – kidding!).
Rebates will likely be restricted to those single individuals earning $75,000 or less and married couples with incomes of $150,000 or less.
What did the GOP get in return? A whopping $70 billion in business tax incentives – far greater than originally contemplated.
The Democrats are SO on track where the rebates are concerned. The percent of low income families are in need of a lot of products they can not afford. Put money in their hands, they will be the first to spend it, gauranteed! The morning shows money topics are all about investing this “extra money”. I say, if you can afford to invest it, you do not need it. This is a Stimulas package for goodness sake. It is made to stimulate the economy! The backbone of this country is made up of people making lower than $40,000 a year. Most I know,including college graduates are making lower than that. Put the money into the hands of these people, not the ones earning double and triple that amount!
I think the people that has worked all there life and has retired because of age or due to accident and can not return to there jobs because they can not pass a physical should get some kind of reconition for working all there life and paying the government to see they have a retirement when they need it to be there for them. It is only fair they paid into it all there lives.
I wounder why older people on soc. with no other iincome are left out of this refund.
Crant it they do not pay federal income tax.
But do they. how about gas,food,clothing ,automobiles,tires,heating oil,.
All the above are just a few.I might add they are dam lucky if they can even heat there homes.
Shame on you congress
The details are still being hashed out in the Senate, so things could change.
But if I had to proffer a guess, it’s that seniors tend to save, not spend. And Congress and the President want to see folks spend.
I was only able to work for a month in 2007 and made less then a $1000 because I had to care for my twin girls as a single parent. Does anyone know if I will be included in this tax rebate?
Someone told me the money the government is using for this tax rebate is from a loan from China is this true? I have researched this on line and have found not info on this. Thanks
im disabled ,i dont pay taxes ,i buy tires gasoline oil and pay insureance to drive to and from the doctors every month the dr i have to see for my condition is 70 miles round trip away from my home i could sure use that talked about gov. freebe is it or will we as american all be talking chineese next year when they want it all back what is made in america any how every product in wall mart is made in china mexico and other countries why dont we live with in our means as a country and take care of americans first ,and how many illeagle mexicans will get the rebates that seniors like me wont get ?i believe that states that help them illegals live and work should be held accountable for it and cut off from federal programs for that state .employers of same should be charged and fined in a big way its a sick country we have here and im no doctor but this has to stop with a new president it wont help much it will be buisness as useual nothing happens till its to late our votes as americans go dont even count its the democrats and that super delegates that decide who will win the hot seat in the white house ,even impeached Bill Clinton is a SUPER DELEGATE of unjustice in this run down america ,once removed Bill clinton has no place in gov any more than his lying do nothing for ny wife of his hilary didnt do nothing when as a senetor she could have made a diference she chose not to then and now she has all the experience to do it all ,I THINK NOT ill not eveen vote this year there aint an honest american among all the whore mongers running now ,i want to move to canada
There is a specific provision in the legislation that bars illegal immigrants from receiving a rebate check.
kelly take a look and see its law that we have borders that are not to be crossed by merly walking into our country and depending on americans to feed ,house and employ immegrents with out following entry rules where were the rules when 13 million imigrents came across and spoiled our economy and futher imprisoned two men who were actully doing their job of protecting us from the likes of those who come here to sell drugs to our kids yours and mine !!! who held the legislation on that one ?it has got to be stopped ,my opinion is shoot em on the spot create a dead man zone any one in it is dead , id like to do that for a living but our favorite government officals have taken the wepons away from those who are hired to protect our borders from those illeagles , ill bet lots of them get the rebates any way they can , and spend it by sending it home to mexico so others can make the trip to futher put us down the drain as a country goes common sense in government went out the window since teddy roosevelt passed away
I would like to file for my mother who is in a nursing home for the $300 if she is eligible. can you tell me what form I need to use and the address I can use to print it off my computer.
Thank you.