Senate Finance Committee economic stimulus package by a wide range of benefits.

<P> Following the U.S. House of Representatives on January 30 by 157 billion U.S. dollars economic stimulus package to provide more tax breaks, the Senate Finance Committee on January 31 also through the revitalization program. .Compared with the House of Representatives approved the plan, beneficiaries of the program expanded tax incentives, to a lesser extent, to encourage consumer and business spending to avoid economic recession. .Senate Finance Committee approval of the program is also to be the Senate, if passed, will benefit 20 million low-income tax people. .</ P> <P>: http://finance. According to reports, the Democratic and Republican parties work together to build the economic revitalization programs, 31 of 14 votes to pass more than 7 is proposed to provide $ 500 tax rebates to individuals, each of .couples $ 1,000 tax rebate, another $ 300 rebate for each child. .Scope of tax rebates to social security also includes 20 million low-income retirees, the elderly are not included in these programs passed by the House. .</ P> <P> Xibaokasi Finance Committee, said: "The 20 million elderly, low-income people and the disabled veterans tax these people can get a refund, and as soon as possible spent in, for the vulnerable consumer .spending into the economy shot in the arm. "programs, though the tax rebate to reduce the amount of individuals, but the tax increase into the 20 million target low-income tax people, and to extend unemployment benefits. .</ P> <P> 31 government communique announced that the U.S. economic growth in the final quarter of last year, affected by the severe downturn in the housing market, the annual growth rate of only 0.6 percentage points. .Then the House of Representatives in consultation with the White House plan to revive the economy grow, and in 30 days passed. .Commerce Department report showed U.S. fourth quarter of the world's largest economy's growth trends, than economists estimated number of 1.2 but also in the doldrums. .</ P> <P> President Bush wants the Senate on Tuesday passed the House of Representatives has 1460 billion economic stimulus plan. .Senate Minority Leader Michael Nile (Mitch McConnell) has been pushing their Republican colleagues to oppose the Senate Finance Committee's program to support the House's version, </ P> <P> "I've had with my colleagues plan to stimulate efforts to improve the House of Representatives, .and rapidly advancing, "Finance Committee Xibaokasi said," Congress should seize this opportunity together, making the 2,000 million older Americans from our economic stimulus plan to benefit and promote China's economic growth. "</ P> <P> .The House bill raised the maximum $ 600 tax rebate to individuals, married couples $ 1,200 per tax rebates, $ 300 per child tax rebate. .For taxable income of more than 75,000 U.S. dollars for individuals, and income over 150,000 U.S. dollars of the couple, along with income tax rebates diminishes. .</ P> <P> economic stimulus package before the House challenge in the Senate, the House of Representatives and the White House's economic stimulus package aimed at middle class and low-income, personal annual income of $ 75,000 or less annual income of $ 150,000 the couple the following .personnel have access to a full refund. .Personal annual income between 75,000 to 87,000 U.S. dollars million, or annual income of husband and wife from 150,000 to 174,000 U.S. dollars were, be part of the rebate; checks mailed is expected within 5 months ago. .The purpose of this Act is to stimulate consumption and enhance consumer confidence, better to save the decline of the U.S. economy. .</ P> <P> the U.S. Treasury Department on Wednesday (29) that, due to the rapid expansion of budget deficits, combined with the scale of 146 billion U.S. dollars in the fiscal stimulus plan, this year will significantly increase the scale of government borrowing. .</ P>.