Tax Rebates to Start Going Out Monday

WASHINGTON -- President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy, The Associated Press reported.

"Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Bush said Friday in remarks on the South Lawn of the White House, the AP reported.

The Internal Revenue Service had been saying direct deposits wouldn't start until next Friday. Bush said paper checks would begin going out on May 9, a week earlier than previously announced, the AP reported.

-- NYSSCPA.org News Staff

Posted on 4/25/08