USA: Seniors, Vets To Get Stimulus Rebates

WASHINGTON (New York Post AP), February 7, 2008: Senate Democrats, under pressure from party colleagues in the House, agreed Thursday to an economic rescue package that would add checks for Social Security retirees and disabled veterans but leave out extended jobless benefits and additional business subsidies. The package would rush tax rebates of $500 for individuals and $1,000 for couples to most taxpayers and grant business tax cuts to revive the economy. Leaders in both parties and in both chambers of Congress had agreed by Wednesday night on the idea that 20 million seniors whose sole or main income is Social Security and 250,000 veterans living off disability benefits should be added to those getting rebates under the $161 billion stimulus bill first negotiated by House Democrats and President Bush. Read full report in NEW YORK POST Copyright 2007 NYP Holdings, Inc. By Andrew Taylor, Associated Press Writer