Pull quotes from: Bush backs $145 billion economic plan
The president and Congress are scrambling to take action as fears mount that a severe housing slump and painful credit crisis could cause people to close their wallets and businesses to put a lid on hiring, throwing the nation into its first recession since 2001.
Economists said a reasonable range for tax cuts in the new package might be $500 to $1,000. Congressional aides said the White House plan is looking at rebates of up to $800 for individuals and $1,600 for married couples…"
"Americans can spend this money as they see fit: to help meet their monthly bills, cover higher costs at the gas pump, pay for other basic necessities," he said."
General discussion on Boston.com: Would you spend a tax rebate? Specific questions for home buyers:
1. What would you do with the proposed tax rebate? Would the rebate, plus declining interest rates, make any difference in your home buying plans for 2008?
2. If you added a 100% commission rebate from The Real Estate Cafe, typically 2.5% of a home’s sales price, would that influence your home buying plans for 2008? What would be on your Rebate Wish List?
3. If you received a rebate over $10,000, would you be willing to donate part of your rebate to a cause or charity? If so, please add your favorite to The Real Estate Cafe’s "Rebate-It-Forward" list.
RebateWishList.com currently forwards to a twin discussion on The Real Estate Cafe’s experimental new social networking site. Comments are welcome on either site, and home buyers are invited to introduce themselves via our interactive map.