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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.
The 2008 economic stimulus checks are printed at the Kansas City Regional Financial Center in Kansas City, Missouri, May 8, 2008. REUTERS/Dave Kaup (UNITED STATES) (Dave Kaup / Reuters)
Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May 8, 2008 in Philadelphia, Pennsylvania. (Photo by Jeff Fusco/Getty Images) (Jeff Fusco via Getty Images)
What to know about the $1400 IRS stimulus checks. The payments will vary by person, with a maximum amount of $1,400 per recipient, the agency said in a statement.
The authority of the United States Department of the Treasury to establish and manage TARP under a newly created Office of Financial Stability became law October 3, 2008, the result of an initial proposal that ultimately was passed by Congress as H.R. 1424, enacting the Emergency Economic Stabilization Act of 2008 and several other acts. [8] [9]
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
In the next few weeks, economic stimulus checks will begin hitting mailboxes and bank accounts across America. Like all good Americans, you should be ready to spend your check as soon as it ...
January 2008: U.S. stocks had the worst January since 2000 over concerns about the exposure of companies that issue bond insurance. [108] February 13, 2008: The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. [109] [110] February 22, 2008: The nationalisation of Northern Rock was completed. [94]