January 24th, 2008
” WASHINGTON (CNN) — U.S. taxpayers would get checks of several hundred dollars from the federal government under a plan to stimulate the economy, congressional and Bush administration officials said Thursday.
“Tens of millions Americans will have a check in the mail,” House Speaker Nancy Pelosi, D-California, said at a Capitol Hill news conference. “It is there to strengthen the middle class, to create jobs and to turn this economy around.”
Sources on Capitol Hill and at the Treasury Department said the plan would send checks of $600 to individuals and $1,200 to couples who paid income tax and who filed jointly.
Those who earn up to $75,000 individually or up to $150,000 as a couple will be eligible for the payments, said Republican and Democratic sources familiar with the tentative deal.”
Cool. Thanks for nothing. 75K/year before tax in the Bay Area doesn’t even pay the rent if you’re single. Out of all people, Pelosi should know.