President Bush is considering an individual tax rebate of up to 800 dollars as a short term measure to help boost the sagging US economy.
It not that he is giving you money, it's more like he's letting you keep some of your own in hopes that you'll spend it.
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.
While recent numbers have some running around in a panic, I'd prefer to rest easy for the next 6 weeks. During that time the folks in Washington could make permanent those Bush tax cuts that are looming over our heads like angry women with a rolling pin.
Washington has no problem coming up with ways to bring money in. It's when it goes the other way that it becomes a major task.
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2 comments:
Making permanent the tax cuts should be the priority.
Would the money be given to us as an extra, or would it be deducted some way from our income tax?
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