Planning a Stimulus Sale?
Congress approved a stimulus package Thursday. Many people will be getting $600 and $300 for each child in the house. The intent is to put money in consumers' wallets so they can put it into your cash registers.
Businesses will be able to immediately expense $250,000 - up from $125,000 - in equipment purchased. Fannie Mae, Freddie Mac and the Federal Housing Authority will be able to issue bigger loans. The government hopes those measures and the rebate checks being spent at your business will help you expand your business.
Is the stimulus going to help your business?
How to Spend That Check
Marketplace has a story that assumes the tax rebate checks will have an effect on the economy.
"Economists say the stimulus plan will help in a sluggish economy by targeting the rebates at low and middle-income families, the folks most likely to spend the money. But [Nicholas] Jacobs thinks the checks should be put to more practical use."
Jacobs is with the National Foundation for Credit Counseling and says consumers will be better off if they pay down existing debt or put it into savings. If someone needs to spend it, then they shouldn't use it as a down payment on more debt.
Comments
Being a small online business proprietor, providing fish oil for pets, I feel the recent influx of more educated pet owners will now be facilitated to more freely spend a portion of their impending rebates and purchase our products that will enhance the overall health and well being of their respective beloved companions.
We are anticipating both a positive "boost" in our business and a positive response to our products and Ocean Omega enjoying an increase in overall business contributory to this impending rebate.
BH
Ocean Omega
February 8, 2008 08:58 AM
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