Friday 25 April 2008

US to send out $100bn in rebates

The US government plans to send out cheques to consumers totalling more than $100bn (£50bn), as part of a wider economic stimulus plan, imminently. US President George W Bush said the tax rebates, aimed at some 117 million US homes, would start going out on Monday. They had been due to go out in May. Individuals will see up to $600 and married couples could see up to $1,200. The rebates are part of a $150bn plan that aims to boost growth and encourage spending, and avert a recession. BBC News
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Use AD/AS analysis to show the impact the US government hopes these tax rebates will have.

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