[Rocketfan]

President George W. Bush's administration is considering an individual tax rebate of up to 800 dollars as a short term measure to help boost the sagging US economy, a media report said Friday.
The Republican leader was to unveil a fiscal stimulus plan later Friday, amid grim economic news that has united lawmakers and the Federal Reserve chief on the need to revive flagging US growth.

The White House has said Bush would propose policies, not dollar amounts, because details of the plan must be hammered out with the Democratic-controlled Congress.

"Privately, the White House has discussed its support for a tax rebate of as much as 800 dollars for individual taxpayers, more than double the 300 dollar rebate featured in a 2001 effort to spur economic growth," the Wall Street Journal said.

http://www.breitbart.com/article.php?id ... _article=1

[4everfsu]

Please, instead make his tax cuts permanent and get rid of the death tax if you want to help the economy

[FlameDad]

Please, instead make his tax cuts permanent and get rid of the death tax if you want to help the economy

[RubberMallet]

thats 1600 bones going straight into my Vanguard Windsor fund...

[blwall1416]

thats 1600 bones going straight into my Budweiser fund...

FTFY.


Actually, I read that it is $800 if single & making less than $85,000 per year. If married, your combined income cannot exceed $110,000 per year.

Great way to punish the married people.

[El Scorcho]

Actually, I read that it is $800 if single & making less than $85,000 per year. If married, your combined income cannot exceed $110,000 per year.

Great way to punish the married people.

So, almost everyone working at LU is getting a refund.

[jmdickens]

Thank you Mr. President!!

[mrmacphisto]

I hope this gets pushed through. It would double my tax refund and help me bigtime with my New Year's resolution.

[El Scorcho]

I know that everyone likes getting their money back from Uncle Sam, but can anyone explain to me how this helps the underlying problem of the mortgage/credit industry debacle? How does this help the fact that the government has over-extended itself by spending billions unnecessarily? Where is it coming from? Our huge budget surplus like last time? Oh wait, we have a huge budget deficit this time! Our banks are being bailed out by China and Saudi Arabia while the dollar plunges and W is going to give everyone $800 back? Big whoop. This is just a crutch to let things hobble along through the election. It doesn't do anything to address the underlying problem.

A better idea for helping the economy would be to cut the tax rate and stop spending so much money, but why would anyone expect the a GOP president to do that anymore?

[01LUGrad]

Fiscal responsibility is overrated.
Giving me free cash is where it's at!

[JDUB]

the best thing to do is get the 800 and invest it in foriegn currency, that way when the dollar drops even more you don't lose money