01-18-2008, 08:16 PM
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News: Possible tax rebate to help economy
Quote:
White House officials have been floating the idea of a one-time “tax rebate” of $800 for individuals and $1,600 for couples which would make up the bulk of the spending package. A one-time cash infusion is also likely to generate broad consensus among politicians in an election year in which the economy has become the most important single issue among voters.
Democrats are pushing to keep the rebates targeted to those at the bottom end of the income ladder — who they say are most likely to spend the money quickly. But it’s not clear who would be eligible for the rebate. The White House proposal could leave out those who don’t earn enough money to owe income tax but still have to pay Social Security payroll taxes.
Additional proposals that seem to be generating consensus include extending unemployment benefits, boosting food stamp payments and allowing businesses to write off equipment purchases more quickly.
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SOURCE:
Page 1 - Stimulus would help, but maybe not enough - Eye on the Economy - MSNBC.com
Page 2 - Stimulus would help, but maybe not enough - Eye on the Economy - MSNBC.com
Last edited by mindfrost82 : 03-27-2008 at 08:12 PM.
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