The other day my husband asked me if I’ve heard the news about a possible tax rebate. I’m usually the one updating him on news, but I did not hear about that one yet. Any talk of a tax rebate makes me drool.
If you haven’t heard about it yet, NPR has a story on it:
No one really knows for sure how much the rebate would be or who would qualify. It’s thought that a rebate would help spur the economy because people would go out and spend it. But there are concerns that it wouldn’t help the economy because people would save it.
I guess in a way we aren’t the type of people that they’d want to have the rebate. If it does come, it’s already earmarked to go towards our credit card debt. I briefly thought about buying an LCD TV with it, but that might end up being one more thing we have to move (if we do). We would definitely get the most “bang for our buck” by paying off debt with it.
I’m not an economist, so the only thing I can look at is the impact a tax rebate like that would have on our family. Anything legal that can help us dig out of our debt hole is a good thing. I can’t help but hope that it does happen.