SubscribeEconomic Stimulus Act of 2008
Posted: 12 Apr 2008
As the United States economy heads toward a recession, the government has responded with the Economic Stimulus Act, a bipartisan economic package intended to stimulate the slowing economy by putting money back into the hands of American workers and businesses.Facts on Economic Stimulus Act:
- Signed into law on February 13, 2008 by President George W. Bush.
- Total package worth about $168 billion over two years and will add directly to the U.S. federal deficit.
- Over $100 billion in advance payments (rebates) to 120 million American households.
- Business incentives adding up to $44 billion in tax relief.
- Allows nearly 200,000 home owners refinance their homes.
- Assists
