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The impact to employment would be an increase of 0.8 million to 2.3 million by the end of 2009, an increase of 1.2 million to 3.6 million by the end of 2010, an increase of 0.6 million to 1.9 million by the end of 2011, and declining increases in subsequent years as the U.S. labor market reaches nearly full employment, but never negative. [78]
The impact to employment would be an increase of 0.8 million to 2.3 million by last-2009, an increase of 1.2 million to 3.6 million by late 2010, an increase of 0.6 million to 1.9 million by late 2011, and declining increases in subsequent years as the U.S. labor market reaches nearly full employment, but never negative. [32]
Speaking in Cleveland, President Barack Obama offered more details of his plan to get the nation's economic recovery back in gear. Facing polling data that shows his Democratic party may lose one ...
The normal employee rate of 6.2 percent is reduced to 4.2 percent. The rate for self-employed individuals is reduced from 12.4 percent to 10.4 percent. [9] The negative revenue impact of this measure was estimated at $111 billion. [7] Extension of the Child Tax Credit refundability threshold established by EGTRRA, ARRA, and other measures. [7]
One of President Obama's accomplishments during his first 100 days was the passage of a $787 billion stimulus plan. I think the idea of economic stimulus makes sense when an economy is in the ...
The $800 billion American Recovery and Reinvestment Act that President Obama signed into law within weeks of taking office in 2009 has been criticized by some as wasteful government spending and ...
In January 2009, the Obama administration announced a stimulus plan to revive the economy with the intention to create or save more than 3.6 million jobs in two years. The cost of this initial recovery plan was estimated at 825 billion dollars (5.8% of GDP).
President Barack Obama vigorously defended his administration's $787 billion stimulus package on its one-year anniversary Wednesday. The president said the initiative has saved or created at least ...