I've heard a variety of things about this, whether it will work or not, is debatable apparently. I'm still trying to figure out the "facts"
I saw this on
cnn.com and thought it was interesting
Quote:
American taxpayers would get checks of several hundred dollars from the federal government under a plan to stimulate the economy announced by congressional and administration officials 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."
"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," said Rep. John Boehner, R-Ohio, the House minority leader.
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.
Checks could be in 117 million taxpayer mailboxes by June, according to an Associated Press report.
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