Economic Stimulus Act Of 2008

The house and senate on february 7 2008 passed the economic stimulus act of 2008.

Economic stimulus act of 2008. The stimulus package was passed by the u s. An individual income tax rebate sent in mid 2008 and two business provisions to encourage investment during 2008. Recovery rebates and incentives for business investment sec.

The economic stimulus act of 2008 had three main parts. The act is intended to help mitigate or forestall the recession. 110 185 esa was signed into law on february 13 2008.

In september 2007 libor rates began rising above the fed funds rate. The act was signed by president bush on february 13 2008. Economic stimulus act of 2008.

1 the 2006 housing market slowdown had affected the economy. In a dynamic market economy there will always be times when we experience uncertainties and fluctuations. Tax credits for individuals.

He wanted the 168 billion economic stimulus package to prevent a looming recession. The economic stimulus act of 2008 was an act of congress providing for several kinds of economic stimuli intended to boost the united states economy in 2008 and to avert a recession or ameliorate economic conditions. It was signed into law on february 13 2008 by presi.

With economists and economic indicators forecasting a recession for 2008 and in the midst of the subprime lending crisis the economic stimulus act of 2008 p l. On november 9 2008 the chinese economic stimulus program a rmb 4 trillion 586 billion stimulus package was announced by the central government of the people s republic of china in its biggest move to stop the global financial crisis from hitting the world s second largest economy. Now i m honored to sign the economic stimulus act of 2008.