About seven in 10 Americans say they won't be spending the money they'll get from their tax rebate, a potential crimp in President Bush's argument that rebates will provide a quick boost to the economy. Just 21 percent of Americans say they'll spend their tax rebates. Twenty-one percent say they'll spend their rebates, which is defined here as making new purchases. Another 6 percent say they'll spend some and save some. Supporters of the move say it should boost the sluggish economy, while critics say the stimulus won't be large enough to make much difference.
Men are more likely than women to spend their rebates.
But majorities across all demographic groups plan to do something with the money other than spend it on new purchases. Nor is the tax cut widely seen as an economic panacea. About one-third of Americans think it will be good for the economy, while 50 percent think it won't make much difference. The results have a three-point error margin. ABC News Internet Ventures.