$600 - $1200 Rebates On Way

Font Size By Associated Press
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M60o93H7pQ09L8X1t49cHY01Z5j4TT91fGfr $600 - $1200 Rebates On Way
Published: Thu, January 24, 2008 - 3:52 pm
Last Updated: Thu, January 24, 2008 - 4:17 pm
WHITE HOUSE (AP) - President Bush is praising a bipartisan
economic stimulus package that will give most tax filers refunds of
$600 to $1,200. Some will get more if they have children.
The president says the deal "has the right set of policies and
is the right size."
According to a Democratic survey, the rebates will go to 117
million families. An analysis by Congress' Joint Tax Committee says
more than 70 percent of the rebates will go to individuals who pay
taxes.
House Speaker Nancy Pelosi says Congress will act on the
agreement quickly so that rebate checks can be put in the mail.
Aides say the rebates, expected to go out in June, will cost about
100 billion dollars.
The deal comes after intense negotiations between Pelosi,
Republican Leader John Boehner and Treasury Secretary Henry
Paulson.


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