The centerpiece of the stimulus deal announced yesterday by House Speaker Nancy Pelosi, House Minority Leader John Boehner, and Treasury Secretary Henry Paulson is a proposal to send rebate checks to 117 million U.S. households.
The structure of the proposed rebate, while not ideal from a stimulus standpoint, is far superior to the structure of the rebate proposal that the Administration developed last week. Where the President’s proposal would have left out approximately 26 million low- and moderate-income working households, the rebate proposal included in the compromise package would reach almost all of these households.
Dispelling Confusion On Food Stamps, Tax Rebates, And The Stimulus Package: Speaker’s Statement on Food Stamps at National Press Club Was Mistaken
Source: Robert Greenstein, Center on Budget and Policy Priorities, January 26, 2008