Friday, February 1, 2008

Taxpayers would get checks under economic stimulus plan

WASHINGTON (CNN) -- U.S. taxpayers would get checks of several hundred dollars from the federal government under a plan to stimulate the economy, congressional and Bush administration officials said Thursday.

House Speaker Nancy Pelosi, Treasury Secretary Henry Paulson, right, and House Minority Leader John Boehner announce the package Thursday.

"Tens of millions Americans will have a check in the mail," House Speaker Nancy Pelosi, D-California, said at a Capitol Hill news conference. "It is there to strengthen the middle class, to create jobs and to turn this economy around."
House Minority Leader John Boehner, R-Ohio, said, "I'm looking for quick action in the House. I hope that the Senate will follow quickly so that we can put this money in the hands of middle-income Americans as soon as possible." Speaking a few minutes later at the White House, President Bush said the package will "boost our economy and encourage job creation."
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.

I wonder if that is $300/child or an extra $300 for families with children. If it's per child Vic you'll clean up! LOL I'm not really sure if this will stimulate the economy but it stimulates me in all the right places, send my check!


Vicki said...

yeah that would be a nice 1200 check.. but i think we actually already got it. that is what happened last time.. but hey it would be nice if we did

joanne said...

$1200 in addition to the $1200 you get for the "couple" check, $2400 if I understood the article correctly. I'd get $600 for a single plus $300 for Josh, $900, chaching!! How could you already get your check, the article said they wouldn't be mailed until June think.

Vicki said...

because i know last time this was about the child tax credit. not sure this time. but we always get that because we have so many kids LOL. so the last time you got a check but i didn't. not sure what they are doing with them now

joanne said...

I saw another story on this and the the $300 is per child and in addition to the initial check. Except not I'm reading that it's going to be $300 for a single and $600 for a couple, still a nice check for doing nothing.