Your Check Is In The Mail – Almost

The Dems and Republicans agreed on an economic stimulus package today so for the most part it boils down to singles getting 600.00 and married couples getting 1200.00.

A Democratic aide and Republican aide said there will be an additional amount per child, which could be in the neighborhood of $300. (CNN)

For those that are making money already… The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps are higher for those with children. (MSNBC)

In addition what they’re not talking about that could be a big part of the plan is that the limit for FHA loans has been raised from approx. 400K depending on Fannie Mae or Freddie Mac to 725K in high cost areas.

Couple this with the recent interest rate cuts and more that may be on the way and we may be on to something. At least for the time being. On a day like this having all these kids at home feels good

About the author

Lamar and Ronnie Tyler are the creators of the award-winning blog BlackandMarriedWithKids.com . They also are behind the Amazon.com bestselling DVDs Happily Ever After: A Positive Image of Black Marriage, You Saved Me and Men Ain’t Boys that explores manhood in the African American community. The Tylers are also the proud parents of four children.

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