Inidividual States Thinking About Stimulus Refunds Too

Well, it seems like many states, at least with progressive-thinking leaders at the helm, are thinking about initiating their very own stimulus program, modeled after the Federal government’s tax rebate stimulus package, but of course on a smaller scale, to help boost the economies in their respective states as well as help individuals out financially in their respective states.

While the federal tax rebates range from several hundred dollars to almost a thousand dollars, and more for married couples who are eligible, the state rebates are looking to give anywhere from under one hundred dollars to a couple hundred dollars to help stimulate their local economies, and perhaps even lend a hand to the broader national economy.

Many states are also looking at helping out people who cannot pay for their mortgages, or are even having trouble paying for health insurance (like the current program Oregon is trying to promote to help subsidize it’s citizen’s health plan payment options). Some states are looking at paying for their own little stimulus packages by perhaps scaling back on certain projects, or even by forgoing some of their future investments (state economies do invest in certain things to generate money for the government).

Of course there will be some that are better able to help out their citizens, but that all depends on how their local economy is structured, as well as the local leadership since they can put the kabosh on the whole thing if they think it may be detrimental in some way. Of course, these ideas that some states have also has its critics, since some say that because state’s economies and systems are set up differently from how the federal government runs, they should leave this type of fiscal policy up to the federal government so they do not mess with other areas that need attention, like the schooling systems, roads, and other items that are left up to state government.