Bush says tax rebates will go out early - Spokane, North Idaho News & Weather KHQ.com

Bush says tax rebates will go out early

SPOKANE, Wash. - In an announcement Friday President Bush said tax rebates will start going out about a week earlier than expected. Rebates will start being distributed on Monday and paper checks will start going out May 9th.

Also on KHQ.com

>Stimulus Payment Schedule for Tax Returns

>Taxpayer assistance hours and locations

>KHQ&A: What will you do with your tax rebate?

The rebates range from $300 to $1,200 and are the centerpiece of the government's $168 billion economic stimulus package, enacted in February. Roughly 130 million households are expected to get rebates.

Bush says the money will help Americans deal with rising gasoline and food prices. But Senator Charles Schumer says he finds the situation "galling." The chairman of Congress' Joint economic Committee says the average family will end up spending "almost their entire stimulus check on higher gas prices."

House Speaker Nancy Pelosi says a second stimulus package is needed and is being discussed with the White House and Congressional Republicans.

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