Saturday, April 26, 2008

Rebate checks to go out sooner

Bush now says that the rebates will be out sooner than expected. They are said to start going out on Monday. He believes this will help Americans deal with gas and food prices and to help the economy. My question is is this rebate really going to solve these problems?

The stimulus will be reaching millions of Americans starting on Monday. The first rebates go out to the people with direct deposit. Direct deposit rebates will begin on April 29th. Paper checks will begin to be mailed on May 9th. These dates are a week sooner than was previously announced.

The rebates are $600 for individuals and $1200 for couples with an additional $300 per dependent child. In order to be eligible for a rebate you must have filed a 2007 income tax return. All checks should be out by July 11 for all whole filed a return on time.

There are many things that the economy is suffering from lately and this is Bush's attempt to gradually fix it. Gas prices need to fixed and not just try to be solved by sending out a check to Americans. In my opinion the economic problems need a lot more work to be solved as well. Maybe he needs to really look into these things and not just send out a rebate in hopes to fix it all. One reason I don't think the stimulus will help solve this problem is I believe many will go out on shopping spree with their money. So if this is the case what kind of problems is this going to solve.

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