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Other objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. [1]
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]
The Economic Stimulus Act of 2008 (Pub. L. 110–185 (text), 122 Stat. 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.
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 ...
Even so, there are still some leftovers to reheat this tax season, and for some households, the remnants of 2021’s stimulus programs could add up to thousands of extra dollars come refund time.
While most of the formal stimulus programs that put money into Americans’ bank ... Most people will have received these refunds already, but those who filed late may get theirs by as late as ...
The bill was a counter-proposal to the American Recovery and Reinvestment Act of 2009 introduced by President Barack Obama. [1] HR 470 proposes to stimulate the economy without new government spending by implementing a permanent five-percentage point income tax cut for all taxpayers; it also would make permanent current capital gains and dividend tax rates at 15% (current law will allowing ...
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 ...