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Unformatted text preview: In order to be eligible for the rebate, you would have to make at least $3000 in the last year and have filed your taxes. In addition to the original tax rebate check, business owners would receive 50% depreciation on their fixed asset purchases. This plan would also raise the limits that new homeowners took out on mortgages. The reason for this plan and the reason why it was implemented so quickly was to help boost the economy. The idea is that when Bush, (and essentially the government) gave individuals money, they would spend that money and economic growth would increase. The 1 more money that an individual has, the more buying power they have. Therefore, they would put more money into the commercial businesses, which in turn would create more investments and stocks/bonds. Bush may have made incorrect decisions in regards to the war, and he may have one very apparent Texan accent, but one thing is sure: I don’t hear anyone complaining about receiving ‘free’ money! 2...
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- Spring '08
- President of the United States, 2003 invasion of Iraq