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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]
Banks that received bailout money had compensated their top executives nearly $1.6 billion in 2007, including salaries, cash bonuses, stock options, and benefits including personal use of company jets and chauffeurs, home security, country club memberships, and professional money management. [83] The Obama administration has promised to set a ...
President Barack Obama's plan to get the U.S. economy going has a strong focus on creating well-paid jobs. Two of the bills he's recently signed, the American Recovery and Reinvestment Act (ARRA ...
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 ...
“The 2020 tax return deadline was May 17, 2021, and the stimulus payments started to be sent to people in March of 2021; so, if you didn’t file your tax return until May, then the IRS would ...
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.
A stimulus package is most often a government program providing economic stimulus. Examples in the United States include the Economic Stimulus Appropriations Act of 1977 ; the Economic Stimulus Act of 2008 ; the American Recovery and Reinvestment Act of 2009 ; the CARES Act in 2020 and American Rescue Plan Act of 2021 .