Colorado Springs Real Estate News - Colorado Springs CO Real Estate
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Great news, Colorado Springs New Homes Real Estate area! — Congressional leaders “reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy,” according to The Colorado Springs Business Journal Blog. As I mentioned yesterday, our local economy is already has a slight advantage over much of the nation because of the six military bases in or around Colorado Springs; particularly, Fort Carson’s pending increase in personnel will pump some nice life into our economy. So tax rebates for many families and businesses in the area will also help to set the stage nicely. Here are some further details of the deal:
- “Families with children would receive an additional $300 per child, subject to an overall cap of perhaps $1,200″
- The likely rebate recipients would be “individuals earning $75,000 or less and couples with incomes of $150,000 or less”
- “Workers would have to have earned at least $3,000 in 2007 to receive the rebates”
Approximately $150 billion will be set aside to accomplish the deal, so there will be a limit as to how many people receive rebates, but the aforementioned criteria ought to help whittle the list down. I genuinely am excited for this, because people who really need the money will receive the money first. And just as our economy will receive some breathing room from military activity, so too will many families and businesses receive some breathing room in their bank accounts. I’ll keep my eyes open for further developments on this one.
Brian Wilson, Colorado Springs New Homes Real Estate
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