Wednesday, February 6, 2008

Good news for economic and taxpayers

US economy plan does not have enough support in the Senate.
Although the US House of Representatives has approved the White House-backed $146 billion economic stimulus plan, the Senate Republicans did not support it. While the Democrat-backed plan, which would have provided extra money to retired people and veterans, the Senate’s version reduced the tax rebates on offer in the original package but extended the group to benefit from these like unemployment benefits, offered heating aid for the poor and gave tax breaks for renewable energy firms and coal companies. Henry Paulson, US Treasury Secretary, had urged the Senators to keep focusing on simple tax breaks. Under the president's proposed package, households and businesses will have great benefit. Some 117 million US homes would receive a rebate of up to $600 for individuals and up to $1,200 for married couples. Couples with children will also get an extra $300 per child. The bill will be sent to the White House by 15 February.
By television, internet, and our real lives, we can see the US economic has been decreasing lately. A lot of companies, factories moved to developing countries; people get lost their jobs but the living cost is increasing day by day. So I think everybody should read this article to gain some information about US economic as well as what government does for us to help the economic and our lives better. We will receive our great tax rebate this year. This is really good news for us.
Here is the link to the article:
http://news.bbc.co.uk/2/hi/business/7231918.stm

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