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Stimulus Checks - When do we get them?
We may be getting our second stimulus rebates a little sooner than expected. President Bush finally said he may support the idea of a second stimulus, if that is what it takes to get consumers back on track again.
Got Screwed On the Stimulus Check? Check These Guys Out!
Stimulus returns to start going out monday
The extra tax rebate
The second tax rebates will start going out on April 28th, much earlier than expected. When are we getting the stimulus check? Well, for the lucky ones who elected to have their tax refunds direct deposited, it should be soon! Others who are waiting on the stimulus checks may have to wait a bit. We have found that the checks are being sent out by social security number. This means the extra tax return could be as late as the end of July for some.Favorite Us Now!
If you need your second tax rebate faster:
I would suggest giving THESE GUYS a try.
Latest news on the next Stimulus Check
Read Full Story HereTuesday 10/21/08 UPDATE: 2nd Stimulus Check Gets Another Chance!
Democratic Congressional leader Nancy Pelosi has made one last appeal for a second Stimulus Check, suggesting that Congress could pass it after the November 4th election, and get checks out to taxpayers by Christmas.
And on Monday October 20th, President Bush finally said he may support the idea of a second stimulus, if that is what it takes to get consumers back on track again.
The reason: the Government is spending at least $700 Billion to restore the nation's banking system, with little in the package that immediately benefits consumers. And with shoppers cutting back, and businesses in layoff mode, many in Congress say something needs to be done now to restore consumer confidence....
Economic Stimulation Checks are Coming
Economic stimulation payments by direct deposit being paid out
It would appear that some have began getting their economic stimulation check direct deposited into their bank accounts. While a lot of people are still waiting on the tax rebate to hit their pockets, a lot of people have already spent through whatever they got back. Whether it was on the right or wrong things, the money helps.I personally got $600 back on my stimulus payment but a lot of younger friends either aren't getting a rebate (their parents get theirs) or they will wind up getting the lower, $300.
A Glance at the Economic Stimulus Act
In economics, fiscal policy is the use of government spending and revenue collection to influence the economy.
Fiscal policy can be contrasted with the other main type of economic policy, monetary policy, which attempts to stabilize the economy by controlling interest rates and the supply of money. The two main instruments of fiscal policy are government spending and taxation. Changes in the level and composition of taxation and government spending can impact on the following variables in the economy:
* Aggregate demand and the level of economic activity;
* The pattern of resource allocation;
* The distribution of income.
Fiscal policy refers to the overall effect of the budget outcome on economic activity. The three possible stances of fiscal policy are neutral, expansionary, and contractionary:
*A neutral stance of fiscal policy implies a balanced budget where G = T (Government spending = Tax revenue). Government spending is fully funded by tax revenue and overall the budget outcome has a neutral effect on the level of economic activity.
*An expansionary stance of fiscal policy involves a net increase in government spending (G > T) through rises in government spending, a fall in taxation revenue, or a combination of the two. This will lead to a larger budget deficit or a smaller budget surplus than the government previously had, or a deficit if the government previously had a balanced budget. Expansionary fiscal policy is usually associated with a budget deficit.
*A contractionary fiscal policy (G < T) occurs when net government spending is reduced either through higher taxation revenue, reduced government spending, or a combination of the two. This would lead to a lower budget deficit or a larger surplus than the government previously had, or a surplus if the government previously had a balanced budget. Contractionary fiscal policy is usually associated with a surplus.
The idea of using fiscal policy to combat recessions was introduced by John Maynard Keynes in the 1930s, partly as a response to the Great Depression.
Got Screwed On the Stimulus Check? Check These Guys Out!
Tell us what you think about the stimulus rebate
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- Tax_Guru Tax_Guru Sep 11, 2009 @ 2:00 am
- very informative lens.... just to add a few, when applying for an Offer in Compromise with the IRS, it would be best to seek first tax help from someone who much more knowledgeable on this matter. someone like a CPA or a tax specialist. The IRS would prefer talking to persons who knows the tax code...
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- lebanon lebanon Jun 9, 2009 @ 8:23 pm
- i think we all call use the second check
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- vernita vernita Apr 28, 2009 @ 6:52 am
- I think it is great everyone can use a little more money. Every little bit helps all over the world. Plus it will help you with the little bills you need to get rid of . Thank you so very much Obama.
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- California_Dreamin California_Dreamin Apr 1, 2009 @ 1:02 pm | in reply to aflander
- I live in Japan which is a country that bases its economy on making money by exporting and is highly protectionist. From my experience of living both in Japan and America, I have to say that your analysis is completely wrong. For one thing, the value of the yen is very high. I think that if you take a moment and just look around, wherever you are now, you will see a lot of Japanese products.
Also, if you took the time to visit Japan, you would find that it's an extremely affluent country, much more so than the United States. The reason for that is that Americans buy a lot of Japanese products, thereby shipping their dollars to Japan.
Once more, I urge you to visit Japan and see for yourself what an affluent country it is--oh, but I'm forgetting, your dollars can't buy squat here.
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- cleverlyslick cleverlyslick Feb 12, 2009 @ 10:59 am
- the stimulus check isn't going to help anybody but the government.our children and grand children will feel the burden of this so called "stimulus check" .check out my post and learn why.
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For all your stimulus needs.
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Open Questions about the Stimulus Check
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