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Taxpayers would get checks under economic stimulus plan

Things like this are just fantastic. Makes me happy to be middle class even. However it will probably go to the fact that I’ll need to scrap my HD DVD player and re-buy all my stuff in BluRay. *cries*

WASHINGTON (CNN) — U.S. taxpayers would get checks of several hundred dollars from the federal government under a plan to stimulate the economy, congressional and Bush administration officials said Thursday.

“Tens of millions Americans will have a check in the mail,” House Speaker Nancy Pelosi, D-California, said at a Capitol Hill news conference. “It is there to strengthen the middle class, to create jobs and to turn this economy around.”

House Minority Leader John Boehner, R-Ohio, said, “I’m looking for quick action in the House. I hope that the Senate will follow quickly so that we can put this money in the hands of middle-income Americans as soon as possible.”

Speaking a few minutes later at the White House, President Bush said the package will “boost our economy and encourage job creation.”

Sources on Capitol Hill and at the Treasury Department said the plan would send checks of $600 to individuals and $1,200 to couples who paid income tax and who filed jointly.

People who did not pay federal income taxes but who had earned income of more than $3,000 would get checks of $300 per individual or $600 per couple.