[Grampa Dave]

The result is that only families earning enough to pay taxes, or about $26,000, will benefit from the change. Higher-income families are expected to receive checks for $400 per child (maximum of two) in July and August.

How terrible! Only those families who pay taxes will get a rebate. Unless you make too much money. My son and DIL will not get a rebate because they are the evil rich and make too much money. I think that any parent who pays income tax should get a rebate.

[olivia3boys]

I know. I only wish this rebate WERE a "tax break for the very wealthy." My husband and I together (I work P/T) make just over the cutoff (I think the cutoff is $110,000?) and so even though we have three young children and pay a lot of taxes we will not get a nice $1,200 check this summer.

I think the "very wealthy" must be defined as those who make between $26,000 and $110,000 then?

So no tax break for us, as far as the children rebate thing. Bush's tax cut in general will save us $3,000/yr though. Thank you Dubya!