Wednesday, May 07, 2008

US government begins tax rebates to stimulate economy

AFP (28 April 2008)

The US government began giving out tax rebates Monday in hopes the instant cash will spark consumer spending to revive an economy many analysts believe is in recession.

The Internal Revenue Service (IRS) said it had begun to transfer economic stimulus payments to "millions of Americans," some of whom would see payments in their bank accounts the same day. [read more]

How effective will this be? Read also:

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