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Article: Stimulus/Response.(Editorial)
- Article from:
- Restaurants & Institutions
- Article date:
- June 1, 2008
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Copyright informationCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Scott Hume, Editor-in-Chief
One unseasonably cool June day shouldn't mitigate concerns about global climate changes. That's why I wonder at widespread speculation over how consumers may spend their "economic stimulus" tax rebates.
Under legislation passed in February, tax-rebate checks for $300 to $600 per individual taxpayer and up to $1,200 for couples were to be sent out in late May or early June. Larry Miller, restaurant analyst for RBC Capital Markets in Atlanta, tells clients that RBC's research finds that consumers will spend upward of one-third of their rebate on basic and discretionary items and that, in May, 82% of consumers said they planned to spend some ...
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