It is official: signed, sealed and about to be delivered. Today President Bush signed the Economic Stimulus Act of 2008 which includes tax breaks for businesses, payments to disabled vets and some senior citizens, and rebates for millions of tax payers. The rebates will probably start going out in May and the hope is that with this new-found money consumers will start consuming. Maybe. Maybe not.
DS and his wife will use their rebate to handle bills and living expenses. His doctor has just given him the okay to go back to work after his motorcycle accident almost a year ago. Disability checks aren’t the same as a paycheck, they can use this money.
DD plans on using her check towards a place to live where she can be with both her boys. The rebate plus her tax refund will be a big help.
I’ve read that this rebate is costing the Government (that’s us) about $117 billion over the next two years. I hope this does help our economy but anecdotally everyone I know receiving a rebate is either saving it or using it towards bills. If you are getting a rebate, what will you use it for? Bills? Vacation? Water heater?
DS and his wife will use their rebate to handle bills and living expenses. His doctor has just given him the okay to go back to work after his motorcycle accident almost a year ago. Disability checks aren’t the same as a paycheck, they can use this money.
DD plans on using her check towards a place to live where she can be with both her boys. The rebate plus her tax refund will be a big help.
I’ve read that this rebate is costing the Government (that’s us) about $117 billion over the next two years. I hope this does help our economy but anecdotally everyone I know receiving a rebate is either saving it or using it towards bills. If you are getting a rebate, what will you use it for? Bills? Vacation? Water heater?
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