Pelosi: 117 million families to get tax rebate

Thu Jan 24, 2008 2:02pm EST
 
[-] Text [+]

WASHINGTON (Reuters) - House of Representatives Speaker Nancy Pelosi said on Thursday 117 million families would receive a tax rebate check under a deal reached to provide stimulus to the U.S. economy.

A fact sheet released by the California Democrat said the individuals would receive tax relief of up to $600, while married couples would see help up to $1,200, plus $300 per child.

The document also said the limit on the size of mortgages that government-sponsored enterprises Fannie Mae and Freddie Mac can buy would be increased for one year to $625,500 from the current $417,000.

(Reporting by Donna Smith; Editing by James Dalgleish)

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Bernd Debusmann
A good war gone bad

In the protracted Washington debate over the war in Afghanistan, the most concise analysis comes from America's top soldier: "If we don't get a level of legitimacy and governance (there), then all the troops in the world aren't going to make any difference."  Commentary