The devil is in the details
Once a rebate is decided on, the IRS could start mailing out checks by the end of June since the agency is now in the middle of the 2007 tax-filing season, said Jason Furman, a senior fellow at the Brookings Institution. The IRS, however, is not yet commenting on the matter since negotiations about the rebate are still under way.
Who would get it
Democrats could get on board with an income tax rebate if it’s fully refundable, meaning that everyone with earned income would get the full rebate, even if they didn’t make enough money to owe income tax, said Furman.
Otherwise, roughly 40 percent of tax filers (which is more than 50 million households) would get only a partial rebate or no rebate at all, according to the liberal Center on Budget and Policy Priorities.
President Bush’s proposed tax stimulus - unveiled last week - would merely provide short-term relief for consumers without curing the problems in housing, credit, energy and the job market causing an economic pullback.
Tax rebates: Where’s your check?
“It [tax stimulus] is a Band-Aid that’s needed for now, but it won’t get consumers out of the woods,” said Michael Niemira, chief retail economist with the International Council of Shopping Centers (ICSC).

This is not going to stop the slowest pace of growth in six years. We all welcome an extra check. Few of us will look beyond the why or how. Make sure IRS has your current mailing address! Send IRS Form 8822 if the address on your 2007 Tax Return is not valid.
The American White House is for sale. Are you, the American Taxpayer, for sale, too? Can you be bought for $800?