Your Money

President Bush and Congressional Leaders have voted on the Tax Rebate Plan, a plan formed to help consumers and the economy, because many fear that it is close to a recession. The plan includes approximately $600-$1200 going out to individuals and families, plus an additional $300 per child in a household. About $160 million households are expected to get the tax rebate, but about $19 are expected to get partial rebates under the plan. The plan also includes up to 50% in business tax cuts.

The plan would only work if consumers actually put the money BACK into the economy, which is what the government is hoping for, but in reality consumers may use the money to save instead of spend.

The plan would include money going out as early as April but as late as July.