New ECONOMIC STIMULUS CHECK being pushed in Congress ~ Can YOU use?

??? I guess I missed some news somewhere -- who said that you have to "pay it back" out of your refund next year? What if you don't get a refund on your taxes -- won't be fair to take it back from only those that get a refund!!!!!!!!

Here's the previous discussions: Economic Stimulus Act of 2008 discussion http://www.mylot.com/w/discussions/1405512.aspx The $43M "Letter" expense discussion http://www.mylot.com/w/discussions/1428132.aspx IF you get a refund this next year on April 15, 2009 you will have to deduct whatever you got as your "stimulus check" this past May. If your refund is more than the stimulus check amount, you get the balance, if it is less, you won't owe, you just don't get a refund at all and if you don't owe in the first place, you do nothing. They have even re-printed the 1040's to include a line at the bottom for this deduction. I just figure if they do another one next year, we'll have to deduct if from 2009 1040's.

Yeah, considering that in 2007 I bought a brand new hot water heater, a 2006 Suzuki XL-7, went on two business trips and spent quite a lot to fix up my house, it does seem rather unfair (and I didn't even get a refund last year!!!), to say the least. And now Co cress is talking about a $700 BILLION bailout (that could end up being $1.3 TRILLION!) makes me think Gee, just what DID those CEOs do to deserve those huge bonuses?

That's too bad. I know a few people who didn't get one. Doesn't seem fair.

yes, I agree -- I do not think the dem's and the repub' parties agree on this at all. We have some big problems in the U.S. -- it's gone over the edge, and I'm not sure if there is enough money to bring it back on to solid ground for some time.

I didn't even know they were considering a 2nd one until I ran across some news reports on it. There are alot of families out there that are having a rough time of it -- the prices going up, jobs being lost, the whole economy swinging up and way down ........ I hope you and your family can make it through without too much hardship. Thank you for commenting and sharing. Judy

No matter who wins the election, I hope they get this country headed in the right economic direction! Every day it seems to get worse and worse.

Here is just a "blurb" about it -- there is more on on-line that you could easily find: WASHINGTON, Sep. 10, 2008 (AP Online delivered by Newstex) -- With the economy the No. 1 issue just eight weeks from Election Day, majority-party Democrats are trying to push a second stimulus package through Congress to follow the tax rebate checks sent out earlier this year.

Thanks for the info, I'll be passing it along to my family. And thank you democrats, I really appreciate it; but I'm afraid I still have to remain loyal to the Republicans.