2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

May 30th, 2009

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2009 Stimulus Check

Saturday, May 30th, 2009

In the recent stimulus package passed by President Obama earlier this year, otherwise known as the American Recovery and Reinvestment Act of 2009, Obama provided many forms of stimulus and stimulus checks to provide the economy.  The only mentions of a 2009 stimulus check for the American public were in two places in the recently passed Stimulus bill.

The first is a 2009 stimulus check for those on social security incomes, military pensions and railroad pensions.  This is a $250 2009 stimulus check that is a one time payment similar to the 2008 stimulus check that President Bush issued last year.  To qualify for the 2009 stimulus check you had to have already been on social security by the end of 2008 to receive your 2009 stimulus check in May 2009.  If you started your social security income January 1, 2009 or later you do not qualify for this years stimulus check.  However if there is a 2010 stimulus check similar to how the 2009 stimulus check worked you would qualify next year for that stimulus check.

The second part of the 2009 stimulus check is a tax rebate that amounts to $400 if you are single or $800 if you are married over the course of 2009.  Starting in April 2009 the government is lowering the taxes withheld from your paychecks to the amount of about about $20/week so that over the course of the year it would amount to $400 (or $800).  This is the only 2009 stimulus check that is available to those that are working.  The 2009 stimulus check is essentially a $400 check paid over the course of the year.

This 2009 stimulus check that is being paid out weekly via a tax rebate will be in effect for 2010 as well.  The amount of the money making up the 2010 stimulus check on a weekly basis is less then this years $20/week because it is spread out over the course of the entire year instead of 8 months.

There is not a singular 2009 stimulus check for those on employment, it is split up into several incentives.  President Obama provided the following ways to help those on unemployment through the 2009 stimulus package.
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Posted in 2009 Stimulus Check, Obama, Stimulus Check, Stimulus Package, Unemployment | 77 Responses »

Stimulus Check

Saturday, May 30th, 2009

Stimulus Check is a term that first used during the 2008 year when President Bush sent out $600 Stimulus Checks to every man and women in American in hopes of stimulating the ailing economy.  The 2008 stimulus check was sent out over the course of several months based on the recipients last 2 digits of their SSN.  The stimulus check became popular because it was free money that the government was handing out to everyone.  At this point the economy was showing signs of slowing down as the lay offs were continuing to mount.  People were looking forward to their stimulus check that was supposed to be used to spend in retail stores to stimulate the economy, but many people used this stimulus check money to pay their bills.

In early 2009 people were wondering when there 2009 stimulus check was going to come and if they were going to get one and when.  The stimulus check was once again being eyed as free money that was to be handed out to everyone to help cover their  bills and expenses, not so much as the original purpose of the stimulus check in 2008 when President Bush designed the original stimulus check to stimulate the economy.

During late 2008 into 2009 what started with President Bush and later President Obama began to bail out many of the large corporations right and left.  It was several billion here for this company then another similar amount for another.  In Feb 2009 President Obama signed the $800 billion American Recovery and Reinvestment Act of 2009 into effect that provided stimulus funds for companies for bailouts and stimulus checks for retried and other tax benefits for those working.  The large out cry from the American people about where is my stimulus check.  Had the government taken that bailout money and given a single stimulus check to everyone, it could have amounted to several grand each.  Instead President Obama sent out the 2009 stimulus check and other stimulus initiatives outlined by the 2009 stimulus act.

Posted in 2009 Stimulus Check, Obama, Stimulus Check | 33 Responses »