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Will Rebate Checks Really Help? Save Email Print
Posted: 5:46 PM Mar 27, 2008
Last Updated: 7:36 PM Mar 27, 2008
Reporter: John Tramontana
Email Address: john.tramontana@wilx.com
6 comments Poll

A | A | A

They checks will soon be in your account or arrive in the mail, but will the economic stimulus help Michigan families who are struggling to pay bills?

 
How Will You Spend Your Tax Rebate Check?
Pay Bills
Spend It Frivolously
Save It
 

"Every family could use an extra few hundred dollars right now and however they use it will help us. And it's certainly going to help those families," said Senator Mark Schauer of Battle Creek.

Legislators say the economic stimulus is now more important that ever, especially with higher foreclosure rates, rising gas prices and credit card debt climbing for the average middle class family.

LaRon Henson is one of many Mid-Michigan residents who are struggling. Married with four kids, she'll get $2400 from the federal government and says it can't come soon enough.

"Gas is going up, things are going up. I think this will be a big, big blessing to the families that need the help."

But will it be enough to help Michigan's lower income families? One economist says no.

"For a lot of folks, they're keeping one nostril above water and the rebate check may help them keep two nostrils above water but they're still in a very difficult situation," said MSU Economics Professor Charles Ballard.

A difficult situation, Ballard says, brought on mainly by the housing crisis.

"That's where this problem originated."

He says without a fix, Michigan families will continue to struggle.

"The banking and the securities market stuff is more important to getting us out of this mess."

Until those are corrected, Ballard adds, the rebate checks will only help Michigan families tread some water.

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Posted by: QUEEN B Location: MISSOURI on Apr 5, 2008 at 02:04 AM
THE STIMULOUS REBATE IS NOTHING BUT AN ELABORATE SCHEME BY OUR GOVERNMENT TO LOCATE AND TRACK PEOPLE WHO HAVE NOT BEEN FILING THEIR TAXES.

Posted by: candy Location: holt on Mar 29, 2008 at 06:55 AM
the gov throws money away all the time,this is just pennies going where ever to who ever to make people a little happy for a verry short time.wasn't done exactly fairly,but who cares.all people like money.we don't pay it back directly or don't have to spend it just one way.it is the gov way of saying we messed up,so we will help you out to get the complaining shut up.help the economy,for seconds maybe then we go right back where we were.the reports that will be written will look good on paper.giving bush a slightly better name on his time in office.and will make his party look good to help sway us to elect another one just like him.get real,read between the lines here.nothing is free and the motives behind it are clear.what we don't pay for in cash we pay for in many other ways.thoes getting it enjoy it while you have it.the ones who get nothing I feel sorry for.just a way to put people down for being poor.not many by choice.our USA gov.nothing to be happy about.

Posted by: Susan on Mar 28, 2008 at 09:06 AM
I'm going to invest it in a mutual fund.

Posted by: tim Location: holt on Mar 28, 2008 at 06:43 AM
the amounts someone can make were very high,and thoes people in the high bracket should be able to budget there money very well and not need these checks at all.but all like money.then we get into the many who were not able to work and could not file taxes.they get nothing.many have always worried about giving to the poor,and complain about the social programs.they have been lucky enough never to have ended up on social programs.with jobs leaving and many who had good jobs no longer do.and there aren't enough jobs in mich that pay a decent wage.so what do some better off ones expect people to do.complain all you want better offf ones,you'll be covering manys support,and may fall into that place you don't want to be someday.then you can figure out what it is like for all thoes who were lucky enough to get the checks.110,000 was top limit.thoes below 3,000 and couldn't file taxes get nothing.I have no problem giving.some day I might need it.what is fair?

Posted by: ken Location: camden on Mar 27, 2008 at 10:43 PM
the stimulous checks are like giving a man a band to cover a 2x6 inch wound.there is't cover the whole wonud.

Posted by: Jim Location: Lansing on Mar 27, 2008 at 10:41 PM
Lets see. Those who pay less taxes get rebates and those of us that pay more taxes don't. What a deal! Because we work hard and follow the rules and make too much money according to someone? We are not worthy of a rebate to help stimulate the economy. Who better to stimulate the economy then people that have an extra dollar? We just finishied our taxes and now have the honor of paying estimated taxes in addition to our regular withholding. So in other words instead of getting a rebate to spend and help the economy we must pay additional taxes so it can be given away to someone else. Thank me. From you. Buy something nice with my hard earned money. I'll be at work again tomorrow.

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