April 25, 2008
Rebate checks coming a few days early
The tax rebate checks, ranging from $300 to more than $1,800 depending on your family's status, are coming a few days earlier than previously announced. The Associated Press reports today:
WASHINGTON - President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy. Democrats said they were glad the rebate checks were about to go out, but suggested that multinational oil companies were not among the businesses the stimulus package was originally designed to help. “Starting Monday, the effects of the stimulus will begin to reach millions of households across our country,” Bush said Friday in remarks on the South Lawn of the White House.
The checks were originally scheduled to go out next Friday, May 2. So we're not getting too much of a break here.
What are you spending yours on? My family's loot (hopefully $1,800) will be used on college savings for our two boys. Not exactly what the Prez and Congress have in mind, I'm afraid.
Comments
[April 29, 2008 11:29 AM]
Other JohnOur check is getting combined with a final paycheck from a part-time job to pay off 2 credit cards. It will have the effect of boosting our spending power to the tune of about $70 a month, but that's mostly offsetting the higher fuel and food prices. Again, not the boon in spending that they are hoping will help the economy.
[April 29, 2008 6:29 PM]
Ed S.I need to keep an eye on the bank account and see when this arrives. I was thinking of a new pistol, but its going to the mortgage.