Economic Stimulus Act of 2008

(redirected from Economic Stimulus Act)

Economic Stimulus Act of 2008

Legislation in the United States that paid tax rebates to certain households, provided tax incentives to small businesses to encourage hiring and investment, and allowed Fannie Mae and Freddie Mac to purchase mortgages above previous limits. The act was intended to avert a recession, but it did not, and the U.S. entered a serious financial crisis later the same year.
References in periodicals archive ?
NJCU's P3 student housing project is being developed under the 2009 Economic Stimulus Act.
The added stimulus to the economy came mostly from falling taxes and rising transfer payments due to the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009.
The higher limits that have been in place for six years were established by the Economic Stimulus Act of 2008 as emergency measures to assure that mortgage credit was widely available during a time when private lending options were severely constrained.
The first response to the financial crisis, the Economic Stimulus Act of 2008, focused on providing various tax incentives.
Bush rebated $300 to "needy" taxpayers through his Economic Stimulus Act of 2008.
The result of the coalition's activities to date includes the New Jersey Economic Stimulus Act of 2009, Zangari reported, a multi-faceted legislative effort that includes the Economic Redevelopment Growth Grant (ERGG) program, which provides tax increment financing; a moratorium on the affordable housing fee for certain nonresidential projects; an expanded Urban Transit Hub Tax Credit program; and a new tax credit for developers of residential projects in urban transit hubs.
As part of the federal economic stimulus act, Congress charged the department with providing loan guarantees to renewable projects and authorized the U.
Collections will also be reduced by accelerated depreciation provisions included in the federal Economic Stimulus Act of 2008, which became effective in the spring of 2008.
Information about various federal economic recovery programs, including the American Recovery and Reinvestment Act of 2009 and the Economic Stimulus Act of 2008, and their effect on BEA statistics is now available on the BEA Web site.
The Defense Department will begin 34 construction and modernization projects at hospitals and medical centers over the next 90 days, making a total of 65 medical facilities with projects under construction since passage of the economic stimulus act.
The $310,000 project is one of the first of those funded by the American Recovery and Reinvestment Act - also known as the federal economic stimulus act - to break ground in Oregon, Willamalane Park and Recreation Director Bob Keefer said.