Deal Reached on Economic Stimulus Package

The White House and congressional leaders reached a bipartisan agreement on an economic growth package that will give refunds to 116 million taxpayers. The package is supposed to bolster the economy and encourage consumer spending.

• Single taxpayers will receive $600
• Two-wage households will receive $1200
• Taxpayers with children will receive an additional $300 per child
• Low-income workers who make to little to pay taxes and earn at least $3000 will receive $300

Check out the press release from the White House. You might also want to read Nancy Pelosi's blog and the statement from Treasury Secretary Henry Paulson. Still curious? Check out Jobs & Economic Growth from the White House and Economy from the U.S. Department of the Treasury.

For more information read "Deal Reached on Economic Stimulus Package" from the Washington Post, "House Leaders, White House Reach Deal on Economic Stimulus Package" from FOX News, and "Deal struck to send checks to taxpayers" from CNNMoney.com.

Want more information on taxes? Check out the library's guide.