Economic Stimulus Act of 2008
A federal law that attempted to avoid or mitigate an economic recession. The Act authorized federal payments of $300 to $1,200 to approximately 130 million American individuals and families. In addition, households received $300 for each qualifying child under the child tax credit. The law also included tax cuts to help the auto industry and to encourage spending by businesses.
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Personal Income Taxes

Nolo’s Plain-English Law Dictionary. . 2009.

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