In case you haven’t heard, the House of Representatives voted earlier this week to approve a $146 billion economic stimulus package by a 385-35 margin. Over in the Senate, Democrats have been pushing for a more generous plan but apparently don’t have the votes needed to push it through. Assuming they can’t make it happen, they’ll likely settle for the House version.
The key differences between the House and Senate version is that the former includes more restrictive income limits on the tax rebate, and also only allows rebates for people with earned income, thereby freezing out those living on Social Security and/or veteran’s benefits.
In case you’re curious, you can click through to check if you qualify for the House version of the tax rebate.