The Public Opinion Soapbox

paul_milander · Joined: 16 Mar 2008 Posts: 581 Location: Shippensburg, PA

Treasury Department says it will deposit the first 800,000 payments four days earlier than expected in effort to boost economy.

Last Updated: April 25, 2008: 12:32 PM EDT

Who gets a payment?

* $600 to singles making less than $75,000

* $1,200 to couples making less than $150,000

* $300 rebates per child

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NEW YORK (CNNMoney.com) -- The federal government, eager to boost the flagging economy, will start distributing special stimulus payments Monday - four days earlier than expected.

"Beginning Monday, the effects of the stimulus will begin to reach households," President Bush said Friday. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store."

The department announced the early arrival of the payments Thursday after saying last month that it would begin sending out the money on May 2.

As of next week, 800,000 tax filers daily will begin to have their checks directly deposited Monday, Tuesday and Wednesday. No checks will be distributed Thursday, and 5 million payments will be made Friday.

The payments will go out ahead of schedule because of a new computer program that updates records daily - faster than an older program that updates weekly, according to Andrew DeSouza, a Treasury spokesman.

Overall, the Treasury will distribute more than $110 billion to 130 million taxpayers by July and hopes to get the first $50 billion out by the end of May, DeSouza said.

The checks are the centerpiece of an economic stimulus program signed into law by President Bush in February. The aim is to boost consumer spending and help mitigate problems caused by the slowing economy.

Checks are being distributed to people who file 2007 tax returns. Those who opt for direct deposit with the Internal Revenue Service will start getting payments before those who use the mail.

The program calls for rebates of up to $600 for single filers making less than $75,000. Couples making less than $150,000 would receive rebates of up to $1,200. In addition, parents would receive $300 rebates per child. Filers who do not owe income taxes but have at least $3,000 in income would get a $300 payment.

Payments to taxpayers slated to get paper checks will start to go out May 9 - one week earlier than originally planned.

The order in which tax filers will receive their payments will be based on the last two digits of their Social Security numbers.

Issue #1 - America's Money: All this week at noon ET, CNN explains how the weakening economy affects you. Full coverage.

Under the government's economic stimulus plan, 130 million people will receive tax rebate checks for $300 and up, starting Monday. What do you plan to do with your check? How do you think the stimulus plan will affect the economy? Send us your photos and videos, or email us and tell us what you think. To top of page
First Published: April 24, 2008: 5:44 PM EDT
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koozie · Joined: 27 Oct 2007 Posts: 124

I claimed my son, who was a college student in 2007, on my tax return. Because of that, he won't be eligible for the stimulus money and I don't get the extra 300 for claiming him as a dependent. So, he gets screwed out of the money he should have gotten, even tho he made about 15,000 last year. Something is wrong with the system. But then that is a no brainer.

cookieclaygirl · Joined: 03 Dec 2007 Posts: 2136 Location: shippensburg

corrupt system.

my one friend owed $600 and is getting the $600 back. he's claiming conspiracy theory.

i blame bush propaganda.

.45chel · Joined: 26 Oct 2007 Posts: 3043 Location: Chambersburg

Finally! The rugger and the pain-in-the-butt H are paying off! (Not really.)
I'm putting my in savings as protest...after I quit hurting from that nasty Borough tax payment...Still P.O'd about that! (and I don't mean Public Opinion!!) Evil or Very Mad

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Nevermind.

cookieclaygirl · Joined: 03 Dec 2007 Posts: 2136 Location: shippensburg

savings for me too.

i used some of mine to buy jeepie and am in put everything back into savings mode.

SO TAKE THAT BUSH. YOUR PLAN FAILED.

AGAIN.

MWUHAHAHAHAHhahahahahaaaaaa. ha. ha.

ha.

*giggle*

paul_milander · Joined: 16 Mar 2008 Posts: 581 Location: Shippensburg, PA

Penske Renatal Truck, Gas, Movers to load and unload, hotel.. spent
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cookieclaygirl · Joined: 03 Dec 2007 Posts: 2136 Location: shippensburg

i'll drive my jeepjeep to the bankbank to put it in savings cuz i'm cheapcheap. Laughing

anonymous_coward · Joined: 24 Oct 2007 Posts: 548

Alex · Joined: 31 Mar 2008 Posts: 11 Location: Chambersburg

I heard Bush say these "tax rebates" would help to create new jobs...am I missing something here....how is this small amount of money returned to each individual taxpayer and household going to accomplish this??

I also heard Bush say these tax rebates would help Americans deal with the higher gasoline and food prices....am I missing something here....how is this supposed to help with higher prices? Am I going to get a tax rebate every two weeks as I do my paycheck??

Please, just give me back some of my money...I could always use it!!!
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Coppy · Joined: 28 Oct 2007 Posts: 2569 Location: Chambersburg

I've heard Bush say a lot of things....

.45chel · Joined: 26 Oct 2007 Posts: 3043 Location: Chambersburg

like telling the Pope his speech was "Awesome!"
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Nevermind.

cookieclaygirl · Joined: 03 Dec 2007 Posts: 2136 Location: shippensburg

rofl.

omg.

his term end CAN NOT come fast enough. please...please....may this insanity end.....

BushMan · Joined: 03 May 2008 Posts: 18