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July 25, 2008 12:00:41 PM CDT

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US to You: $600 Check's in Mail

Posted Jan 24, 08 10:39 AM CST in Business,  Politics 

(Newser) – Congress today announced an economic stimulus package that would put a $600 check in every American taxpayer's mailbox by early summer, sources tell CNN, and a likely $300 per child. The refunds are "there to strengthen the middle class, to create jobs and to turn this economy around," said Nancy Pelosi in announcing the deal this afternoon.

The deal also contains tax breaks for businesses, one of several concessions Democrats made to get the deal done. They also dropped proposed unemployment and food stamp boosts, while Republicans agreed to include people who pay into Social Security, but not income tax. Now, party leaders are selling the deal in Congress, hoping to cut the checks by June.

Source CNN

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President Bush, center, flanked by House Speaker Nancy Pelosi of Calif., left, and Senate Majority Leader Harry Reid of Nev., meets with Congressional leaders to discuss the economy, Tuesday, Jan. 22,...   (Associated Press)
President Bush with Treasury Secretary Henry Paulson addresses the media in the Roosevelt Room of the White House in Washington, Tuesday, Jan. 22, 2008. President Bush has formed an Advisory Council on...   (Associated Press)
Treasury Secretary Henry Paulson walks to a meeting with House Speaker Nancy Pelosi of Calif. at the Capitol on Wednesday, Jan. 23, 2008 in Washington. Secretary Paulson met with Congressional leadership...   (Associated Press)
House Speaker Nancy Pelosi of Calif., discusses a bipartisan economic stimulus package during a news conference on Capitol Hill in Washington Thursday, Jan. 24, 2008, accompanied by House Minority Leader...   (Associated Press)
Treasury Secretary Henry Paulson, center, flanked by House Minority Leader John Boehner of Ohio, left, and House Speaker Nancy Pelosi of Calif., gestures while discussing a bipartisan economic stimulus...   (Associated Press)
House Speaker Nancy Pelosi of Calif., center, smiles toward Treasury Secretary Henry Paulson, right, during a news conference on Capitol Hill in Washington, Thursday, Jan. 24, 2008, where they discussed...   (Associated Press)
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Congress  • recession  • unemployment  • Social Security  • economic stimulus package  • economic stimulus  • tax breaks


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