Economic Stimulus Act Of 2008 Effects

People who filed tax returns for either 2007 or 2008 could qualify for recovery rebates.

Economic stimulus act of 2008 effects. The act was signed by president bush on february 13 2008. 110 185 text 122 stat. The act provides several kinds of stimulus intended to boost the us economy in 2008 and to avoid or lessen an economic recession.

The house and senate on february 7 2008 passed the economic stimulus act of 2008. Tax credits for individuals. Economic stimulus act of 2008.

The economic stimulus act of 2008 had three main parts. On february 13 2008 president bush signed into law the economic stimulus act of 2008 which consisted of roughly 100 billion of tax rebates and more than 50 billion of investment incentives for businesses. 613 enacted february 13 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 the stimulus package was passed by the u s.

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. 110 185 esa was signed into law on february 13 2008. The act provides tax rebates for low and middle income us taxpayers and.

An individual income tax rebate sent in mid 2008 and two business provisions to encourage investment during 2008.