Which, sadly enough, he will gladly sign into law:
Congress gave overwhelming final approval last night to legislation that would send government payments to most American households and grant tax incentives for business investment, sending President Bush a $152 billion stimulus plan for the faltering U.S. economy.
The deal came yesterday after the Senate added low-income seniors and disabled veterans to the list of people who would receive money under a package previously approved by the House, then overwhelmingly approved the bill, 81 to 16. The House took up and passed the Senate measure last night in a 380 to 34 vote, ensuring that checks would begin reaching recipients by mid-May.
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The legislation would provide $600 payments for individuals — $1,200 for couples — plus $300 for each child younger than 17. It would begin to phase out eligibility at $75,000 in adjusted gross income for individuals and at $150,000 for couples. Workers who can show $3,000 in earned income last year — too little on which to pay income taxes — would be eligible for payments of $300. The payments would be sent out separately from tax refunds.
Anyone who thinks this will accomplish anything of substance is , quite honestly, deluding themselves.
