| 1.Tax rebates with checks of at least $300 for almost everyone
earning a paycheck, including low-income earners who make too little to pay
income taxes, so long as they earned at least $3,000 in 2007. Families with children
would receive an additional $300 per child, while those paying income taxes could receive higher rebates.
Rebates will be capped at $1,200 for couples with children. They would be limited to people earning below
a certain income cap, likely $75,000 for individuals and $150,000 for couples. |
| 2.Business tax write-offs to help spur business investments
with so-called bonus depreciation and more generous expensing rules. |
| 3.Allowing Fannie Mae and Freddie Mac to be involved with mortgage loans
to a max amount of $625,000 instead of the current max of $417,000 |
| 4.Areas that seem to have been left out of the package include extending the Unemployment
Insurance benefits past the current 26 week limit, boosting Food Stamp benefits, including Medicaid payments to states,
Low-income heating subsidies, spending on transportation projects already under way and allowing businesses who
have suffered losses to reclaim taxes previously paid...all seem to have been cut out of this package for now. |
| More to follow… |
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