1) I haven't a clue on how this will work. Tax isn't my area anyway but reading the article, it seems that the rebates will occur this year.
2) What do I make of it? I'm actually having a real laugh and here's why.
For the past 8 years, the Democrats have been steadily pounding the table saying that the economy is in bad shape and that it's all Bush's fault. Of course the media joined in and that's all you heard. For 8 freaking years:
Clinton = Good Economy
Bush = Bad Economy
Unfortunately for the Dems, for the most part, the economy was sound. When we hit a bit of a road bump, the Bush tax cuts made a huge difference and kept things humming. It was like the average American was hearing how bad it was for everyone else but their own situation was just fine. But if the news is saying the economy is bad, well it must be then.
But what makes me laugh is that IF things WERE REALLY that bad over that time frame, where in the hell were the Dems? I mean why weren't they proposing an economic stimulus package 4, 5, or 6 years ago? I mean that would have certainly helped them in the eyes of the American public and probably led to more votes down the road since they could have been perceived as the party who wanted to do something for the average Joe while the evil Republicans watched Rome burn.
But the fact was the US economy was NOT in as bad a shape as they were trying to convince everyone and Bush was not to blame. Meanwhile, over the past 3 years, they've shifted and the table pounding since then has been that the Bush tax cuts did nothing for the economy. Hahahaha.... Don't know whether to laugh or cry at that one.
*Disclaimer: TX Bill is a charter member of the Vast Right Wing Conspiracy so take these comments with a grain of salt.