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News Flash: Bush Signed Economic Stimulus Package

Thu, 02/14/2008 - 4:03am by SavvySugar
1,962 Views - 22 comments

While the idea of an economic stimulus package was introduced last month, the bill was just given the final sign-off yesterday by President Bush. He's calling the $168 billion package a "booster shot for our economy" and the bill includes rebates for individuals and tax breaks for businesses to promote spending by all. The checks will start going out in May but you have to file your 2007 tax return before you get the check. After you've filed your taxes there's nothing else you need to do to get your check, and if you receive your tax return through direct deposit than you'll get your rebate the same way. Now that we know the rebates are a sure thing, I'd like to know how you'll put yours to use — spend, save, pay off bills or invest?

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22 Comments Add a Comment

  • GigglyGirl's picture
    GigglyGirl
    4

    Right now a priority for my check will be putting it towards a new laptop!

    46 weeks 6 days ago Report Comment
  • LaLaLaurie06's picture
    LaLaLaurie06
    8

    YES! into the savings account. now i just have to file my taxes and PAY the government. blah. this check is much needed.

    46 weeks 6 days ago Report Comment
  • esmerb's picture
    esmerb
    9

    Savings, paying off credit cards and new brakes. The joy of being grown! Smiling

    46 weeks 6 days ago Report Comment
  • Shaner825's picture
    Shaner825
    11

    Paying off the credit card... not the whole thing but its a step in the right direction.

    46 weeks 5 days ago Report Comment
  • emalove's picture
    emalove
    12

    Some will go towards my credit card debt, the rest will probably be some of my spending money for my Key West vacation this summer.

    46 weeks 5 days ago Report Comment
  • SDTransplant's picture
    SDTransplant
    13

    It's going into either my Roth IRA or will be split between my Roth and my MMSA.

    46 weeks 5 days ago Report Comment
  • verily's picture
    verily
    14

    It's going towards either my school loan or a summer vacation.

    46 weeks 5 days ago Report Comment
  • freegracefrom's picture
    freegracefrom
    15

    Definitely paying off more of my credit cards. Sorry, no help to the economy from me!

    46 weeks 5 days ago Report Comment
  • Linny's picture
    Linny
    16

    credit cards- no doubt

    I have a question though- will this 300 (or 600 or whatever it is) be taxed next year?

    46 weeks 5 days ago Report Comment
  • carhornsinapril's picture
    carhornsinapril
    17

    it will go toward my last credit card, and if there's any left after that, student loans.

    46 weeks 4 days ago Report Comment
  • valova82's picture
    valova82
    19

    I want to save most of it, and spend the rest paying off some ANCIENT medical bills.

    46 weeks 3 days ago Report Comment

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