Tax-Rebates: Bush signs economic rescue package - Spokane, North Idaho News & Weather KHQ.com

Tax-Rebates: Bush signs economic rescue package

SPOKANE, Wash - President Bush has signed an economic rescue package Wednesday that will mean rebates of between $300 and $1,200 for most American households. The checks will go out starting in May.

In addition, businesses will be getting tax breaks for investing in new plants and equipment.

Bush called the measure "a booster shot for our economy" to stave off a recession.

Several dozen members of Congress, including House Speaker Nancy Pelosi, stood on the stage behind Bush as he signed the bill.

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