If you’ve watched the news lately, or had the radio on, or generally haven’t been living under a rock, you probably know about the Stimulus Package currently being whisked through congress. But it kind of seems like people know the Stimulus like chamber orchestra musicians know Britney Spreares: They know OF it without really knowing it.
So, here’s some of what you can expect from the stimulus package; some of what will effect you directly.
Most everyone (meaning probably not the super rich) will recieve a $400 tax cut (couples can expect $800). This will be doled out in your paychecks, so you’ll recieve something like an extra $10-15 per check. Students will get a $2500 tax credit. First time home buyers will get a $8000.00 tax credit, and people who recieve social security will get a one time fat check for $250.00.
There is also a great deal in the package that will effect you in indirect ways. Caterpillar will be re-hiring once it passes, and their equipment will be needed for new, state of the art infrastructure projects. If it doesn’t create more jobs in your field, it will at least get some of your unemployed brethren out of your field and make it easier for you to find the job you want. Whether the Stimulus is the right thing to do or not is debatable, whether it is merely delaying the inevitable is anyone’s guess, but one thing is certain: The debate is moot. It will pass. Take full advantage of what it offers.