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Deal Reached on Stimulus Package $300 Bucks-What will you do with such a HUGE sum of money?

By
Services for Real Estate Pros

Bush apparently has come up with what he thinks is a "Plan" to Stimulate the economy, but is $300 bucks going to do really do ANYTHING?

Deal Reached on Tax Rebates for Stimulus
Congressional Democrats and Bush administration reach tentative deal on $300-$1,200 tax rebates and business tax cuts.
 

Personally, I think it's useless and am dissappointed to consider that illegal immigrants get so much more when they come into the country to help them start out.

The proposal is below: 

Families with children would receive an additional $300 per child, subject to an overall cap of perhaps $1,200, according to a senior House aide who outlined the deal on condition of anonymity in advance of formal adoption of the whole package. Rebates would go to people earning below a certain income cap, likely individuals earning $75,000 or less and couples with incomes of $150,000 or less.

What's you opinion on the effort?

The amount?

Comments(3)

South Austin Real Estate Blog
Sky Realty South Austin - Austin, TX
I think its awful...  I'm not an economist but I think the price of this stimulus will hurt our economy more than help it...  I love the music widget you have..  its great!...  Louis Armstrong was doing my favorite of his songs,  What a Wonderful World.  thanks!!
Jan 24, 2008 01:39 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
I think it is too little too late.  What we need is either big tax cuts - maybe make the previous tax cuts permenant OR some radical new plan like the Fair Tax.
Jan 24, 2008 01:50 AM
Chris Frantz
EDU Real Estate Group - Indianapolis, IN

I'm going to Disney World! 

Any of our hard earned cash that we can get back the better.  We don't need government spending our money.

 

 

Jan 24, 2008 03:06 AM