Wal-Mart is waiting for your check.
The world's largest retailer, which made $819,976 in sales every minute during the fourth quarter of its 2007 fiscal year, is expecting to see you walk through its doors with an IRS rebate check in your hands. But there is a more patriotic thing you can do.
Beginning this May, the U.S. Treasury will start sending "economic stimulus payments" to more than 130 million Americans. The vast majority of individuals who qualify for a stimulus payment will not have to do anything other than file their 2007 individual income tax return to receive their rebate. In most cases, the payment will equal the amount of tax liability on the return up to a maximum amount of $600 for individuals ($1,200 on a joint return) and a minimum of $300 for individuals ($600 on a joint return). The government made the same deal with taxpayers back in 2001, when the Treasury sent "advanced payment" checks of $300 to single tax filers and $600 for joint filers.
When you spend your rebate check at America's signature retailer, you are responding to the Government's stimulus like a true patriot. In a speech five days before Christmas of 2006, President George W. Bush said, "A recent report on retail sales shows a strong beginning to the holiday shopping season across the country -- and I encourage you all to go shopping more."
The White House/Congressional economic stimulus package should be labeled for what it is: the Wal-Mart/Beijing Welfare Subsidy of 2008. The "stimulus" plan is an income transfer program from the U.S. Treasury, to Wal-Mart, and from there to its chief trading partner, China.
Find out the things you can do with that check that will actually benefit the American economy.
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