Federal Tax Rebate 2008

The government is confiscating $2 billion in economic stimulus rebate checks in order to pay bills for child support, student loans and back taxes.

[Read more →]

June 27 (Bloomberg) — U.S. consumer spending rose more than forecast in May as tax rebates drove the biggest gain in incomes in almost three years, enabling households to at least temporarily overcome soaring fuel bills.

[Read more →]

Factoring in one time stimulus rebates skews income figures. True story? Economy sucks.

[Read more →]

June 27 (Bloomberg) — Consumer spending probably rose in May by the most in six months as tax rebates enabled households to overcome soaring fuel bills, economists said before a report today.

[Read more →]

Income tax rebates along with strong demand for US products overseas have helped improve the economy, but we’re not out of the woods yet.

[Read more →]

It’s a tough life when you struggle to spend money that isn’t coming out of your own income. Last year I needed to cancel my American Express card and since I didn’t want to lose a bunch of accumulated miles, I cashed them out for various things — mostly gift cards. I have a $100 [...]

[Read more →]

Well folks, summer is upon us now.  Gasoline is $4 a gallon and you are probably paying at least $7,000 per year in property taxes for a suburban home here in New Jersey.  Last week, Governor Corzine and the Democrat legislature passed the FY08-09 budget.  They promised cuts and cuts we have.  They promised hard [...]

[Read more →]

The Financials dropped -6.2% this week. Without help from the Fed, Humungous Bank & Broker could be called Tiny Bank & Broken. It is shocking how much capital has been lost to investors in this sector. From its high price just over 12 months ago, Citigroup (C) has lost more than a one-fifth of a [...]

[Read more →]

Economic Stimulus Checks Fund Faith Projects - washingtonpost.com Economic Stimulus Checks Fund Faith Projects - washingtonpost.com: “MILWAUKEE — Budget cuts to Rod McLean’s church youth group jeopardized a summer mission trip to Washington state. As he wondered how he could help the group meet its $13,000 budget, he remembered the federal [...]

[Read more →]

If checks from the government stimulate the economy like this, maybe the government should send everyone a check every month? NEW YORK (CNNMoney.com)—Personal income surged in May as the government’s stimulus payment plan to jump-start the economy took effect, according to a report released Friday. The Commerce Department said individual [...]

[Read more →]