Stimulus Plan Vows $600-$1,200 Tax Rebates

['97ventureowner]

Bringing this thread into a new dimension, it's been reported that some retailers plan to have promotions tied into the release of these checks. At the time of this posting, two retailers, Kroger, a supermarket chain, and Sears/KMart plan to convert your stimulus check into a gift card to be used in their stores. Sears ups the ante by adding an additional 10% to the card based on the amount of your check.( $600 check = $660 gift card, $1200 check turns into a $1320 gift card.) I'm sure other retailers will jump on the bandwagon and come up with their own promotion, or something similar.
If you think about it, it's a pretty good idea on the store's part to do this to get additional traffic in their stores and increase sales.
Maybe some of the oil companies will do the same and convert yoyr check into a pre-paid gas card .

[xeroinfinity]

Yeah Tom our gov. would love us all to go out and spend it, at Sears or on over priced fuel.

[BNaylor]

If our government was really concerned about us and the high fuel costs they should put a moratorium on the federal excise tax we pay for gas and stop diverting what is available to the strategic reserves or at least let some of the reserves go on the market. I think one of the presidential candidates mentioned something about that and it was not Hillary or Obama.

It is shame having to spend the rebate on gasoline.

[xeroinfinity]

Originally Posted by BNaylor

If our government was really concerned about us and the high fuel costs they should put a moratorium on the federal excise tax we pay for gas and stop diverting what is available to the strategic reserves or at least let some of the reserves go on the market. I think one of the presidential candidates mentioned something about that and it was not Hillary or Obama.

It is shame having to spend the rebate on gasoline.

No fuel for me, I bought headers and lifters with my check.

[Damien]

^Mine's going to engagement and wedding band. The rest, new camera body!

Would be nice to see a gas drop. I'd be happy at $3

[BNaylor]

Anyone get the so called second notice yet from the IRS?

[Damien]

???

Not until June

[danielsatur]

BUSH can have mine!

1) IF BUSH can make Mexico another State for this Nation.
2) Nomore Illegal aliens
3) No expensive boarder patrol + Wall
4) Move all prisons to mexico,because of expense.
5) Bring our industries back to the Homeland.
6) How many aliens do we have in this country?
7) Terrorism been around for thousnds of years,lets HELP Police it!
8) There's too much loss in WARS!


MCGIVER

[BNaylor]

Updated rebate news.

By MARTIN CRUTSINGER
THE ASSOCIATED PRESS

WASHINGTON -- The government began depositing tax rebate checks in thousands of bank accounts on Monday as the stimulus program aimed at giving the ailing economy a jump-start got under way early.

The Internal Revenue Service started making the direct deposits on Monday with the goal of completing 800,000 payments each day over the first three days of this week. No deposits will be made Thursday while the IRS prepares a big batch of 5 million direct deposits scheduled on Friday.

http://seattlepi.nwsource.com/busine...xrebate29.html

[BNaylor]

My sons informed me that they just got their rebate checks in the amount of $600 direct deposited today. Just in time to cover the high cost of gasoline.