SENATE EXTENDS STIMULUS CHECK TO SENIORS

(02/08/2008)
West Virginia's AARP announced yesterday that an overwhelming majority of the U.S. Senate passed an amendment to the economic stimulus package that will provide stimulus support to approximately 20 million older Americans who depend primarily on Social Security.

"This vote is a critical step toward passing a fair and targeted stimulus package that would put money into the hands of people who will quickly put it into the economy and provide support to those who need it most," said AARP officials.

The amended stimulus package would provide a $300 rebate check to any American with $3000 of qualifying income - including Social Security income - in 2007, and up to $600 for individuals who pay income taxes.

Rebates would be doubled for married couples filing jointly, and families would receive an additional $300 per child under age 17.

It would also count veterans' disability payments as qualified income, extending rebate eligibility for up to 250,000 disabled veterans.