Friday, February 6, 2009

Memory Hole, Economic Stimulus Edition

Here’s a little reminder of the Republican Party’s last great economic stimulus idea: the great Economic Stimulus Act of 2008:
The package will pay $600 to most individual taxpayers and $1,200 to married taxpayers filing joint returns, so long as they are below income caps of $75,000 for individuals and $150,000 for couples. There is also a $300 per child tax credit.

The rebates will put about $120 billion in the hands of individuals in the hope that they will spend it and boost a faltering U.S. economy.

Yes, that worked so well, didn’t it?

Here’s a little reminder: this was not a gift. It was a rebate. You have to declare it on your 2008 taxes.

Bill’s due April 15, suckaz!