The Senate, ending a contentious and partisan debate, voted 81 to 16 on Thursday to approve a roughly $170 billion version of a House plan to spur the economy.The Senate bill would pay one-time rebates to 117 million low- and middle-income households, 20 million senior citizens living off of Social Security and 250,000 disabled veterans...
The House is expected to consider and pass the amended package this evening. It could go to Bush for his signature as early as Friday, a week ahead of the Feb. 15 deadline that lawmakers had set for themselves.
The goal is to stimulate the flagging economy by putting cash in the hands of consumers while giving businesses financial incentives to invest in plants and equipment and create jobs...
The IRS will start sending out checks in early May, said Treasury Secretary Henry Paulson.
It appears now, that it will pass.
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