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A May 21, 2009, article in The Washington Post stated, "To build support for the stimulus package, President Obama vowed unprecedented transparency, a big part of which, he said, would be allowing taxpayers to track money to the street level on Recovery.gov..." But three months after the bill was signed, Recovery.gov offers little beyond news ...
In June 2009, dissatisfied with the pace of economic stimulus, Obama called on his cabinet to accelerate the investment. [45] By late 2013, the Federal Government had disposed of (re-privatized) all of its investments in Chrysler and GM. As of late 2016, taxpayers had recovered $71 billion of the $80 billion invested in the automobile industry. [2]
Tax rebates that were created by the law were paid to individual U.S. taxpayers during 2008. Most taxpayers below the income limit received a rebate of at least $300 per person ($600 for married couples filing jointly). Eligible taxpayers received, along with their individual payment, $300 per dependent child under the age of 17.
In laying out details for his new economic stimulus program Wednesday, President Barack Obama regained his political swagger and ramped up his criticism of Republican leaders for failing to ...
As the IRS explained in a March 4 announcement, the Recovery Rebate Credit is a refundable credit for individuals who did not receive one or more Economic Impact Payments, also known as stimulus ...
Today's July retail sales report shows what we've been saying for some time--people seem to be spending their government stimulus checks on necessities such as food and gas, and not on shopping ...
AIG received an $85 billion emergency loan in September 2008 from the Federal Reserve. [13] which AIG wais expected to repay by gradually selling off its assets. [14] In exchange, the federal government acquired a 79.9% equity stake in AIG. [14] Washington Mutual (WaMu) was seized in September 2008 by the US Office of Thrift Supervision (OTS). [15]
Those in the top 20% had an over 3% increase in pre-tax wages, with the top 1% raking in an extra 14% of pre-tax income. Those in the bottom 20% averaged $7,600 in pandemic-related credits in 2020 ...