Hare: Rebates Could Come as Soon as May
Congressman Phil Hare (D-IL) today praised the enactment of a bipartisan economic stimulus package that will provide working families tax rebates of up to $600 per individual, $1,200 per couple, and $300 per child as early as mid-May. All told, the bill is estimated to save 5.6 million Illinois households a total of $4.8 billion, with an average tax rebate of $857 per family.
"This bipartisan stimulus package will help reinvigorate our economy and give much needed tax-relief to families that are struggling to make ends meet, including our seniors and disabled veterans," Hare said.
The final package also expands affordable mortgage loan opportunities for families at risk of foreclosure. "I know the pain of losing a home," Hare said. "It can devastate an entire family. This package combined with yesterday's announcement that lenders have agreed to a 30-day moratorium on foreclosures is welcome news for vulnerable homeowners."
Hare is an original co-sponsor of Congressman Bruce Braley's (D-IA) resolution urging those who receive rebate checks to buy American-made goods. "There is little doubt that the outsourcing of good-paying American jobs has weakened our economy," Hare said. "Using these rebate checks to buy American will help make this stimulus a success for our workers and our businesses."
Hare called the stimulus package a "good first step," but warned that more needs to be done for working families. "Rebate checks are not a cure for the hardship facing many Americans," Hare said. "We must also extend unemployment benefits, increase food stamps, and fix the broken Trade Adjustment Assistance program for workers who lose their jobs due to unfair trade."