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On its own, Obama's rebate plan isn't going to resurrect the economy.
Douglas Stern was one of the council members who voted in favor of the rebate plan.
The rebate plan would cost about $16 billion to $20 billion, the official said.
But Mr. Waxman vowed to fight for the rebate plan in a conference committee with the Senate.
Gov. George E. Pataki said he supported the rebate plan of his fellow Republican, Mr. Bloomberg, "from the first day".
Early on, lobbyists for landlords whose rental properties are not covered by the rebate plan launched a vigorous campaign to kill it.
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German competition laws also prohibit a wide variety of discount and rebate plans.
Automakers routinely publish their latest rebate plans on Web sites, while consumer sites like Edmunds.com and message boards on Yahoo.com abound with leads to the best deals.
Sprint's HTC EVO 4G, which can run on Sprint's 4G network, is expected Friday ($199.99 with a contract and rebate; plans for both calling and data begin at $69.99 plus a $10 premium data fee and $29.99 a month for the hot spot feature).
But when the U.S. economy stumbled in 2001 the Bush Administration quickly enacted a thirty-eight-billion-dollar tax-rebate plan.
If approved by the City Council and the state legislature, the Mayor's tax-rebate plan will deliver checks to six hundred and seventy thousand homeowners sometime over the summer.
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