The fix is in. Last week the U.S. Congress passed a $168 billion fiscal stimulus bill, including tax rebates for households and tax breaks for business. President Bush signed it Wednesday. The Internal Revenue Service should start issuing tax rebates to 130 million Americans in May, according to the Treasury.
Members of both parties seemed pleased with themselves and their bipartisan effort. That in itself should tell you the package is pretty benign: It won’t help, or hurt, very much. If nothing else, the initiative is certain to help the incumbent re-election effort.
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