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 ... not owe tax over the amount of the rebate have or will receive a check from the federal government. The rebate checks are distributed to citizens in hopes that they will spend them on goods and services and keep the economy moving. With millions of the checks already distributed, no one is quite ... people were forced to use th...
- Word Count: 443
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate