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On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term ...
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]
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 ...
Economic stimulus payment or economic impact payment may refer to several tax rebates, tax credits, tax deductions and grants from the federal government of the United States: Tax rebates as part of the Economic Growth and Tax Relief Reconciliation Act of 2001; Tax rebates as part of the Economic Stimulus Act of 2008
Rumors started coming in that a $2,000 economic relief package would arrive sometime during October. Discussions on social media and some websites suggested a possible $2,000 stimulus check for...
Although an official fourth stimulus check from the federal government might seem unlikely at this point, states are doing their own part in making sure federal stimulus money gets distributed. As...
Obama quickly began attempting to foster support for his economic stimulus package, American Recovery and Reinvestment Act of 2009. [3] The bill passed in the House on January 28, 2009, by a 244–188 vote, [ 4 ] and it passed in the Senate on February 10 by a 61–37 margin.
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