Democrats and Republicans agree on stimulus plan

Democrats and Republicans strike a deal to help get the economy out of a slump and put money back in your wallet.

The plan is to send out bonus tax rebate checks, which you would ideally spend, creating demand and jobs.

Details are still being worked out.

But if approved, most individual taxpayers would get checks up to 600 dollars, couples up to 1,200, and even more for families with children.

Taxpayers with higher income levels would receive smaller rebates.

"This agreement is a big win for the American people,” said John Boehner (R), House Minority Leader. “It will stimulate the economy the most."

"Can't say I'm totally pleased with the package,” admitted Nancy Pelosi (D), Speaker of the House. “But I do know it will help stimulate economy, and if not, there will be more to come."

The checks are expected to go out in June.

Meantime, to cut the deal, Democrats reportedly gave up their quest to expand food stamps and unemployment.


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