Everyone gets atleast $600 from Government
If you get a pay envelope, Uncle Sam's about to put a little something extra in it. And he wants you to go out and spend, spend, spend.
Starting around May, most taxpayers can expect a $600-$1,200 rebate from the federal government under a deal announced Thursday by congressional leaders and President Bush.
The deal came together with unprecedented speed as Congress and the White House moved to begin rushing the tax rebates to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
Rebates would be even higher for families with children.
Individual taxpayers would get up to $600 in rebates, working couples $1,200 and those with children an additional $300 per child under the agreement. In a key concession to Democrats, 35 million families who make at least $3,000 but don't pay taxes would get $300 rebates.
|