Tuesday, April 29, 2008

As first tax rebates show up in checking accounts, many Americans eye groceries, not fancy TVs

Contrary to what President Bush says, this country is in a recession. Instead of blaming Congress, President Bush needs to propose legislation that would help defray the housing problem, cost of gasoline, home heating, groceries, etc. Playing the blame game is tired & old, it doesn't solve anything.

In additon, with the increase in the cost of gasoline, home heating & groceries, all $600 will pay for is gas & groceries if that. Besides, why would some one spend $600 for merchandise they don't need. I'm a single person, I use to pay $60 per week for groceries, now I pay $110+ per week for groceries. My "stimulus check" is going into my checking account to pay for groceries & gas for my car. Besides, when we filed our 2008 income taxes, is the $600 considered Capital Gains & therefore, taxable?

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