Federal tax rebates are on the way
By Web StaffStarting Monday, April 28, 7 million Americans will have an easier time paying for gas and groceries as tax rebate checks begin showing up in bank accounts. According to a National Retail Federation survey conducted in February by BIGresearch, consumers plan to spend 40.6 percent of tax rebate checks, which will provide an immediate $42.9 billion boost to the economy. The survey also found that the $105.7 billion distributed in tax rebate checks will be used to pay down debt ($30 billion), saved ($19.8 billion), invested ($4.4 billion), and used to pay down medical bills ($4.6 billion).
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October 6, 2008
- Coos Bay / North Bend, Oregon
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