According to the IRS,
Starting in late April, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a stimulus payment.
According to my nigga Dubya on April 25th,
It's obvious our economy is in a slow down, [and] this money is going to help Americans off-set the high prices we're seeing at the gas pump and the grocery store and will also give our economy a boost to help us pull out of this economic slow down.
Despite being guilty of not consulting a speech writer before going to press, I can't hate on G-Dub for stylin on us in his 11th hour. In attempt to redirect our deplorable economy and the sinking value of the dollar, the US Treasury is going to wire (we dont mint in that quantity anymore) $78 billion ($600 to 130 million eligible recipints) to the streets in the form of a tax refund. Maybe my understanding of economics is bollocks but I thought that printing $78 billion that we dont have only brings the dollar closer to the peso. Now the whole "extra money in the pocket = a spike in consumerism" jawn is a fairly legit angle; but considering that $600 can't pay a note on any of the 100,000+ foreclosures in 2007, I can't call it.
To keep it funky though, I aint even mad joe. When you broke yo mama's vase and discovered that gorilla glue in the pantry 15 minutes before she got home went ape shit, you weren't worried about what would happen once she put water in that joint. For a least three days, you were able to preserve your assskin. Thanks to G-Dub, I'm popping bottles at the club this weekend and buying speakers. Here's to bolstering the US economy!
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