Tax Rebate Checks
By: LaTonya Stephens
Updated: January 30, 2008
The US house passed President Bushs plan to boost the economy today.
The nearly 150-billion dollar stimulus package offers tax breaks for businesses.
But its the tax rebates for most Americans that everyones talking about.
Under the bill most taxpayers would receive rebate checks between six and 12-hundred dollars.
The bill passed overwhelmingly 385 to 35.
It was done in the hopes that Americans will spend it.
Putting the money back into the economy damaged by a housing slump and slowed consumer spending.
While some local residents are for it others say it will not fix the economy.
Indiana democratic congressman Brad Ellsworth voted for it but agrees it is a short term solution.
The bill is expected to go to the senate later this week.
More than 42 percent of those participating on our tristatehomepage poll say they believe the tax rebate will not help the economy.
