Economic Stimulus Plan Passes

By consumerist.com January 24, 2008

Accord was reached and the economic stimulus plan has passed. Here’s a brass tacks breakdown:

  • Workers making at least $3000 but not paying federal income taxes: $300
  • Income tax paying individuals: $600
  • Working couples: $1200
  • People with children: extra $300 per child
  • Individuals making $87,000 and couples up to $174,000: partial rebates
  • Fannie Mae and Freddie Mac loan purchase limits increased to 725,000, a boost from the $362,000 and $417,000 caps, respectively.
  • Businesses can write off 50% of purchases of capital equipment
  • Small businesses can write off additional equipment purchases

    • Tax rebates deal announced [AP]
    (Photo: EricGjerde)

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    Comments

    1. BetrayedByChase says:
      March 19, 2008 at 5:59 pm

      Gee, could it possibly be an election year? Boldfaced vote buying. And putting our children’s children another $1.68 billion in debt.

    2. laughingoutloud says:
      May 6, 2008 at 6:07 pm

      I think it’s funny (and not in a good way) that not many people have stoped and questioned where this money is actually coming from. Do people care anymore or we that selfish and full of greed that we only care about ourselves?

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