[CM_ANGEL]

To stimulate the U.S. economy, the government will offer tax rebate checks of $600 per individual and $1,200 per couple!

Go to CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News for more details.

[erp0620]

Well then...! That'll be nice!

[AdamsMom]

I'll believe it when I see it!!!

But, thanks for the heads up!

[AngieP]

didn't they do this a few years back~~I remember getting a check for $300~~boy $1200 would be awesome....

[tootsie roll]

yeah, they did this back after Sept. 11th. I got $300 as well. I agree - $1200 would be nice

[CM_ANGEL]

Yes, it is the same idea as back then.

[Jayden'sMommy]

We will have to see if it will work this time...the main purpose of giving them out back then was for us to SPEND them to help the economy....but most people SAVED them

[UniqueMonique]

Stimulate my mortgage payment. That'll do a lot for the economy! idiots

[wannasavemoney]

so is this something they will just send to us or do we have to apply for it? well i will believe when i see it

[CM_ANGEL]

Man....u guys are pessimistic!!!

[mysweetiepie]

Originally Posted by angpereces

didn't they do this a few years back~~I remember getting a check for $300~~boy $1200 would be awesome....

yes I remember them doing that ........ 1200 would be nice plus if you have kids I thought it said add another 300 on to it can we say VACATION

[wendy1214]

ours would go to all those home improvements we have been putting off! Finish finishing the basement, built in wall unit in the Family room, and our patio. We are 2/3's done the basement, and have 1/2 the bricks for the patio already. With 3 kids, we should get about $1200!, and DH just got a back pay check from some class action suit, so that was another $1000- so glad we will have the $$ to finish our projects without having to go into savings or put it on the dreaded credit card. Well- we will put it on the CC to get the rewards, and then just pay it off right away!!

[hghent]

I would LOVE to finish my basement with the $1200!! All my income tax refund this year will be going towards a new roof on the house!

Let's all keep our fingers crossed!!

[kvilledrummer]

Sounds like a go based on the article.......I know I can sure use our $1200........

[Samantha85VA]

This year filing self employment for the first time since the 80's in this house.... This would be awesome! I remember the rebate years ago after 9/11 so this would be excellent. I think we would definitely bank it though.

[marchfree]

Ours is going directing towrads debt relief, sorry about the idea of spending to boost the economy!

[latrice0723]

This rebate is for the middle and lower class to help boost the economy. The thought is that the middle and lower class are in need of this extra money so therefore they will go out and spend thus putting it back into the economy. They don't offer it to the rich because the government knows they are not in need of the money so they will just invest and gain interest thus making more money from the government. Just remember you will have to add this rebate amount back in when you file your taxes for 2008.

[Faith]

Here's the details~

Sources on Capitol Hill and at the Treasury Department said the plan would send checks of $600 to individuals and $1,200 to couples who paid income tax and who filed jointly.

People who did not pay federal income taxes but who had earned income of more than $3,000 would get checks of $300 per individual or $600 per couple.

A Democratic aide and Republican aide said there will be an additional amount per child, which could be in the neighborhood of $300.

Those who earn up to $75,000 individually or up to $150,000 as a couple will be eligible for the payments, said Republican and Democratic sources familiar with the tentative deal.

Pelosi said as many as 116 million American families will get a rebate check.

[Pam]

i am not one of the 116 million families - go figure- i wonder if they would mind if I did not pay them before April 15th

[CM_ANGEL]

Well, IMHO, I think it is great! Us poor folk get robbed in our taxes!!

[Samantha85VA]

I agree! I think that even the self employment taxes are INSANE after looking over some documents. This is absolutely nuts! A tax break would be awesome and we wouldnt send it back thats for sure!

[erp0620]

I think it's great! But is it just me that thinks a person who makes $75K a year isn't middle class? LOL

[mjloves2shop]

I was coming to post this but obviously not NEW News!

$600-$1,200 per tax payer (I am a SAHM = $.00?!?)

$300 per kid ~ so if hubby gets $600 and we get $900 for the kids we get at least $1,500 but maybe as much as $2,100!

Too bad it is already spent! We are building a room addition on to our house ~ that is $$$!

[mjloves2shop]

Man ~ just read the fine print!

Let me just add that some areas are far more expensive and a nice income goes much faster. In my home town I could pay cash for a BLOCK of homes for the equity we have (or should I say HAD) in our home.

Pam -------> I feel your pain and here is a 4 U!

[tootsie roll]

Is the rebate based on last tax year? I got paid Jan - Aug, but then quit to be a sahm. I did pay income taxes. I wonder if that would count?