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US to You: $600 Check's in Mail

Bipartisan compromise would put $600 in your pocket

By Kevin Spak, Newser Staff

Posted Jan 24, 2008 10:39 AM CST

(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.

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)

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)

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)

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US to You: $600 Check's in Mail

Bipartisan compromise would put $600 in your pocket

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More Unemployed Turn to Social Security Disability

Jobless apparently using fund as a last resort

Fed Sees High Unemployment All Next Year

Forecast sees it at 8.6% at end of 2012

Paycheck Data Dismal in 2010

...Unless you were a millionaire

US Incomes Fell More After Recession Than During It

Median household income down 6.7% between June 2009, June 2011

Obama Scrambles for Jobs Plan

But problem may be too big to fix

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US to You: $600 Check's in Mail

Bipartisan compromise would put $600 in your pocket

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OTHER STORIES ON OUR RADAR

Congress • recession • unemployment • Social Security • tax breaks • economic stimulus package

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

More Unemployed Turn to Social Security Disability

Jobless apparently using fund as a last resort

Fed Sees High Unemployment All Next Year

Forecast sees it at 8.6% at end of 2012

Paycheck Data Dismal in 2010

...Unless you were a millionaire

US Incomes Fell More After Recession Than During It

Median household income down 6.7% between June 2009, June 2011

Obama Scrambles for Jobs Plan

But problem may be too big to fix

About Us

Site

Newser By Users

Community

Site Maps

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What is Newser?