News Dept. of Stimulation
posted by January 24 at 9:36 AMon
A tentative deal has been reached on tax rebates. The deal, if finalized, will reportedly deliver
tax rebates starting at $300 and business tax cuts to jolt the slumping economy. Families with children could get even larger rebates.
Those larger rebates for families will be $300 per child. The total cost of the deal will be around $150 billion.
Not everyone is happy with the proposed deal:
The emerging package was already drawing fire from liberal activists and labor unions upset that proposals to extend unemployment insurance and boost food stamps had been dropped. Many Democratic lawmakers had assumed those proposals would make it into the package, and critics of the deal said those ideas could pump money into the economy more quickly than tax rebate checks that won’t be delivered until June.