Skip to comments.$168 Billion Stimulus Plan Clears Congress (RATS CUT your $800 rebate to maybe $300)
Posted on 02/07/2008 6:59:58 PM PST by Libloather
$168 Billion Stimulus Plan Clears Congress
Friday February 8, 12:37 am ET
By DAVID M. HERSZENHORN and DAVID STOUT
WASHINGTON Congress overwhelmingly approved a $168 billion economic stimulus program on Thursday, sending it to President Bush for his signature so that millions of Americans can look forward to government checks in the mail.
The House gave its final approval to the package on Thursday night by a vote of 380 to 34.
The House was able to act because a stalemate in the Senate was broken a few hours earlier after Democrats agreed to add only payments for senior citizens and disabled veterans to a plan approved earlier by the House with the backing of President Bush. The Democrats retreat on adding other measures to the bill cleared the way for an 81-to-16 Senate vote in favor of it.
But Republican senators held firm, frustrating the Democrats efforts to get the 60 votes they needed to end debate. But in settling for a $168 billion package, the Senate Democratic majority leader, Harry Reid of Nevada, refused to admit defeat.
We were able to make the House bill better, he said, pledging to continue to try to corral enough votes to provide more economic stimulus in the months ahead.
As the terms of the program changed, so did the numbers. At first, the price tag was put at $171 billion over two years; a couple hours later, it was recalculated at $168 billion.
The program calls for rebates ranging from $300 to $1,200 for most taxpayers, payments of $300 to people who paid no income taxes but earned $3,000 or more from Social Security or veterans disability benefits, and various tax incentives for businesses.
(Excerpt) Read more at biz.yahoo.com ...
I think $300 bucks was what was originally quoted because I figured on getting 1,200 for the 4 in my house.
I’m going to pay my taxes with my rebate.
It’s called recycling and it makes DC feel like they’ve done something.
That’s like $3.50 per day . . .
$500.00 was the figure I got earlier. Reid lost his block after Pelosi ordered him to stand down.
They control the economy by giving back stimulus packages. More than they should have in the first place. How ingenious. We the People have lost.
Hell, they don’t have the money to send it to you! They will BORROW it and then make you, your children, and your grandchildren pay it back!
$300? That's like $.83 per day.
You'll eat it, and you WILL like it!
that will be negative $8.50 after the tax cuts are not renewed
No, the $300 is only for those who paid no tax.
The higher amounts are still there for normal people.
Maybe $1800 if the last numbers I heard are still in play.
No, kidding. Maybe I should decide to only pay a portion of my taxes this year. I've got to cut my spending. So, naturally, I had to make the tough decision and DC gets the cut. I hope it doesn't hurt the economy.
I’m buying ammo with my returned funds.
The Government owes me more.
What will that get you - two? Hang on to 'em like gold. (BTW, 'Euros' doesn't pass the FR smell/spell check. Beware.)
God bless you. Buy ATK stock with it. Ammo will be a giant business as we approach election day.
It was a reference to that model, what’s her name, wanting her money in...oh never mind.
I’m a McCain supporter libloather, so I never pass the FR smell check these days. All I know is that after the things I posted during Clinton I, if Clinton II gets in I’ll be in a reeducation camp by this time next year (If I’m lucky). Perhaps they’ll teach me how to spell the plural of Euro, so it won’t be a complete waste.
Nope. But we have our own reeducation camps. Sign up and get your mind right. It's the only way to go.
This is Gisele Caroline Nonnenmacher Bündchen. Why does she remind me of most babes back in my roller derby watching days?
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