SubscribeEconomic Stimulus Plan: How Might It Work?
Economic Stimulus Plan: How Might It Work?
Lawmakers tend to paint with broad strokes and the economic stimulus package brokered between President George W. Bush’s administration and the House of Representatives is a good example. At press time, only summaries of the tax rebates and business incentives have been issued by the White House, administration officials and some members of Congress. Legislative language is expected soon. In the meantime, questions are being asked about who will qualify for the rebates, when and how will the IRS will issue the checks, and many other questions.
During a January 25, 2008, online forum called “Ask the White House,” Treasury Secretary Henry M. Paulson, Jr. said that individuals with earned income of $3,000 or more will be eligible for a $300 rebate ($600 for married… Continue reading
Tags: business tax incentives, economic stimulus plan, economic stimulus package, Tax Rebates, tax refunds