$900 handout for Australian residents amended

On February 15, 2009, in News, by admin

Australians will get the $900 cash bonus they had hoped for after all. Senator Nick Xenophon joined with the Coalition to scuttle Prime Minister Rudd‘s stimulus package. Subsequently, this Thursday, Australia became the first country to vote down a stimulus package, designed to head-off a recession during the economic crisis.

The Prime Minister immediately reintroduced his emergency economic plan into Parliament and the package passed in a rare Friday sitting. The amended package will leave low-income workers and single income families $50 short. They will not get the promised $950, but $900. Those earning less than $80,000 will too receive $900, while people …