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Politics : Formerly About Applied Materials

AMAT 223.95

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Nov 21 9:30 AM EST

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To: StanX Long who wrote (54740)	10/28/2001 2:27:34 AM
From: StanX Long	Read Replies (1) of 70976

WIRE: 10/26/2001 3:08 am ET IRS says economic stimulus rebate checks can't be out by the holidays WASHINGTON (AP) Even if Congress rapidly agrees on a plan to stimulate the lagging economy, the IRS says it cannot get a fresh batch of tax rebate checks out in time for people to spend during the holiday shopping season. Even worse, the Internal Revenue Service warns that no matter when the checks go out, they will put the agency far behind in its regular work, probably delaying up to 23 million income tax refunds worth a total of $43 billion next year. In a letter to congressional leaders, IRS Commissioner Charles Rossotti said issuing a new round of checks in a short time "poses an extremely high risk to the tax system," including greater chances for errors and $58 million in additional costs to the agency. abcnews.go.com

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