- This topic has 26 replies, 1 voice, and was last updated January 28, 2008 at 2:43 am by .
- January 28, 2008 at 2:43 am #255461Guest
There seems to be alot of questions surrounding this Economic Stimulus plan… here are the FACTS:
The House, seizing a rare moment of bipartisanship to respond to the economy’s slump, overwhelmingly passed a $146 billion aid package yesterday that would speed rebates of $600-$1,200 to most taxpayers. However, The Senate is going back in Today to try to increase the package.As it currently stands:
Sources on Capitol Hill and at the Treasury Department said the plan would send checks of $600 to individuals and $1,200 to couples who paid income tax and who filed jointly.
People who did not pay federal income taxes but who had earned income of more than $3,000 would get checks of $300 per individual or $600 per couple.A Democratic aide and Republican aide said there will be an additional amount per child, which could be in the neighborhood of $300.
Those who earn up to $75,000 individually or up to $150,000 as a couple will be eligible for the payments, said Republican and Democratic sources familiar with the tentative deal.~Liss
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