GoFaxer Blog

MSN.com reports that many millions of families are going to be receiving a tax rebate this year.

“The one-time tax rebates are at the center of a hard-won agreement to pump about $150 billion into the economy this year and perhaps stave off the first recession since 2001.”

This comes as good news to business people worried about a sketchy economic forecast. The hope is that a huge influx of cash given to lower to middle income families will give the economy a needed boost. The assumption is that giving the money to these groups where it will get spent will prime the pump so to speak and get things moving along.

Many economists question whether such a move will really do the trick. Will an extra 600 bucks in your pocket really prevent a recession? If anything, the act by the government creates a feeling of optimism about the future, and investors like optimism. And when investors invest more money into the economy it’s likely to continue growing.

It was also announced that “Businesses would get $50 billion in incentives to invest in new plants and equipment.”

Hopefully many small businesses will receive this cash and take advantage of new technological advances like fax to email, making them more competitive in the world market, and more profitable.