1. What is the Economic Stimulus Act
... President Bush signed the Economic Stimulus Act of 2008. Initially designed to give low and middle class taxpayers a little relief in light of real estate downturns, rising inflation and high gas and food prices, the act has been further expanded since that time and offers a variety of incentives for both businesses and individuals. The overall goal of the Act is to "jumpstart the economy." Individuals and couples filing Federal ... Income Tax Returns for 2007, even up until the late filing deadline of Oct. 15, 2008, ... most seniors on fixed incomes who filed a tax return and did not o...
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- Grade Level: Undergraduate