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In July 2010, the White House Council of Economic Advisers (CEA) estimated that the stimulus had "saved or created between 2.5 and 3.6 million jobs as of the second quarter of 2010". [104] At that point, spending outlays under the stimulus totaled $257 billion and tax cuts totaled $223 billion. [ 105 ]
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]
[5] [6] Obama's accomplishments during the first 100 days included signing the Lilly Ledbetter Fair Pay Act of 2009 relaxing the statute of limitations for equal-pay lawsuits; [7] signing into law the expanded State Children's Health Insurance Program (S-CHIP); winning approval of a congressional budget resolution that put Congress on record as ...
On February 17, 2009, Obama signed into law a $787 billion economic stimulus bill that included spending for health care, infrastructure, education, various tax breaks and incentives, and direct assistance to individuals. The tax provisions of the law, including a $116 billion income tax cut, temporarily reduced taxes for 98% of taxpayers ...
As many as 1 million taxpayers will receive a "special" year-end gift from the IRS as the agency deposits pandemic-era stimulus checks worth a total of $2.4 billion directly in their bank accounts.
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...
So far, the United States government has delivered $3,200 in stimulus payments to each eligible adult, CBS News reported: $1,200 under the Coronavirus Aid Relief and Economic Security Act in March ...
Economic stimulus (increasing the deficit) is done by lowering taxes or increasing spending, while the opposite is done for economic austerity. Economist Laura D'Andrea Tyson wrote in July 2011: "Like many economists, I believe that the immediate crisis facing the United States economy is the jobs deficit, not the budget deficit. The magnitude ...