Report: Tax rebates could be ticket to vacation - WMC Action News 5 - Memphis, Tennessee

Report: Tax rebates could be ticket to vacation

KNOXVILLE, Tenn. (AP) - For many Americans, those tax rebate checks meant to stimulate the economy will be coming just in time - for a vacation.

The centerpiece of President Bush's $168 billion rescue package for a wobbly economy is a tax rebate program that will put up to $1,800 in the wallets of a couple with two kids in a matter of weeks, the prime season for planning summer trips and early fall getaways.

Some 130 million people will be getting checks from May 2 through July 11.

The checks will range from $600 for an individual to $1,200 for a couple to $300 for each child.

Critics suggest debt-burdened consumers will use the money to pay old bills, rather than make new purchases.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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