Tax Rebate News: How Much Will It REALLY Help?

This has been a big week for “economic stimulus.” The Fed announced an emergency rate cut on Tuesday and yesterday Congress unveiled a tax rebate package. But will it really help? The numbers are different from the $500 tax rebate that was being floated earlier.
Instead, some working Americans will get $300 and others will get $600. Some joint filers will get $1,200. It sounds nice, but as I’ve been saying for a while, it’s not really practical. Our government is already running a deficit and most people don’t spend tax rebates and refunds on things that would help them financially.
The …read more