A stimulating announcement
An economic stimulus package was announced today in the hopes of providing approximately $100 billion in additional tax rebates for individuals. Approximately $50 billion in tax cuts for corporations were included regarding equipment purchases. The package also increases the conforming loan limit. Wondering what this means to you, Mr or Mrs Regular? It means you might be one of about 117 million families to receive $1,200 per couple and $300 per each additional child a couple has. Rebates would be up to $600 per individual. To qualify individuals would have to earn more than $3,000 and less than $75,000 and couples would have to earn less than $150,000. The package goes to the Senate now. Checks could be issued as soon as early summer 2008.

