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"First and foremost, the stimulus package will put money in the hands of hardworking Americans" [View All]

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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 05:23 PM
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"First and foremost, the stimulus package will put money in the hands of hardworking Americans"
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Edited on Thu Jan-24-08 05:24 PM by tekisui
House leaders and the administration reached agreement today on a roughly $145 billion economic stimulus package that would quickly send payments to poor and middle-class workers while offering businesses one-time incentives to invest in new equipment and write off tax losses.

In formally announcing the deal this afternoon, House Speaker Nancy Pelosi (D-Calif.), House Minority Leader John A. Boehner (R-Ohio) and Treasury Secretary Henry M. Paulson Jr. hailed it as a bipartisan effort that would help stimulate the economy by spurring consumer demand and creating new jobs.

Under the plan, as many as 117 million people would get rebate checks. Individual income tax filers would receive up to $600, working couples would get up to $1,200, and those with children would get an additional $300 per child.

"First and foremost, the stimulus package will put money in the hands of hardworking Americans," Pelosi told a Capitol Hill news conference. "This is a middle-class initiative to strengthen the middle class and to those who aspire to be in the middle class. It will be in the form of tax rebates and a child tax credit."

more at link: http://www.washingtonpost.com/wp-dyn/content/story/2008/01/24/ST2008012401981.html

How can she think that $600 STRENGTHENS THE MIDDLE CLASS!!???!??
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