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Tag: Economic Stimulus Package

Tax Rebates Start Showing Up in Bank Accounts

The government began depositing tax rebate checks in thousands of bank accounts on Monday as the stimulus program aimed at giving the ailing economy a jump-start got under way early. The Internal Revenue Service started making the direct deposits on Monday with the goal of completing 800,000 payments each day over the first three days [...]

Tax Rebates Deal Announced

Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children. House Speaker Nancy Pelosi said Congress would act on the agreement — hammered out in a week of intense negotiations with Republican Leader [...]

Bush Favors Tax Breaks in Stimulus Plan

President Bush
told congressional leaders privately on Thursday he favors personal income tax rebates and tax breaks for businesses to help avert a recession, officials said, as Federal Reserve Chairman Ben Bernanke joined in calls for an economic stimulus package. Bush spoke with congressional leaders as top House aides worked on an economic rescue package that [...]