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Thursday, Mar 28, 2024

Stimulus program rebates start today

The government’s economic stimulus program begins April 28, and William Pearson of Los Angeles is ready to receive his $600 tax rebate — and hoard it. “I’m too afraid to spend it,” Pearson, 63, said last week. “No one knows where gas or food is going to go, and I’m uncertain about making it through the summer.” The Internal Revenue Service will begin sending rebates via electronic direct deposit today and mailing checks starting May 9. President Bush said last week the $110 billion that 130 million households should receive by midsummer would help offset high gasoline and food prices and “give our economy a boost to help us pull out of the economic slowdown.” For the full story visit http://www.latimes.com/business/la-fi-rebate28apr28,1,4131034.story

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