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throughout the country to cover their over-payments. Last year, because of the 10 percent surtax, there were only 50 million refunds. They totaled $10.2 billion.
The $2.6 billion jump represents a considerable increase in buying power.
The local buying potential is being improved, also, by the bigger social security checks. The amount paid in the past four months to the 900 or so in Rappahannock County who are receiving them was nearly $34,000 greater than in the previous four months.
Federal employees in the local area will also have more spending money. They will share in the hike of more than $2.5 billion that will be distributed under the temporary settlement.
These increases, combined with the big gains being won by unions and with the forthcoming end of the surtax, are expected to produce a strong upward thrust to business in the near future.
93.6%