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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.
Economic stimulus act of 2008 summary. It was signed into law on february 13 2008 by presi. The stimulus package was passed by the u s. The house and senate on february 7 2008 passed the economic stimulus act of 2008.
The two incentives are. The act provides tax rebates for low and middle income us taxpayers and tax incentives to stimulate business investment. The act is intended to help mitigate or forestall the recession.
The act was signed by president bush on february 13 2008. 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. The senate version was then approved in the house the same day.
House of representatives on january 29 2008 and in a slightly different version by the u s. The act provides several kinds of stimulus intended to boost the us economy in 2008 and to avoid or lessen an economic recession.
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