Tax Rebates Are Coming

It has just been announced that Congress and the White House have reached a deal that will give most taxpayers rebates from between $600 to $1200.  Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement.  I’m not sure if this deal is a good idea but I will cash my rebate check.  It will be used to either pay down debt or invested in my IRA.  That probably won’t provide much of a boost to the economy.