Pardon The interuption......NEWSFLASH.......NEWSFLASH.......NEWSFLASH.........
CNN Claims Tax Rebates are a Refund Advance
Something rather fishy occurred within the past few hours at CNN.com.
Some time Friday, the cable network's website posted a piece entiitled "Treasury chief: Tax rebate checks to go out in May" which included the following (emphasis added, h/t NB reader Chandy):
The package, which passed the Senate 81-16, will send rebate checks to 130 million Americans in amounts of $300 to $600 for people who have an income between $3,000 and $75,000, plus $300 per child. Couples earning up to $150,000 would get $1,200.
The checks are an advance on next year's refunds, and most, if not all of the money, will be deducted from taxpayers' refunds in 12 months' time.