Question

What was the centerpiece action of the Economic Stimulus Act of 2008? a) It lowered the federal minimum wage. b) It gave American taxpayers a partial rebate. c) It funded job training programs. d) It increased government spending by over $700 billion.

Answer 1

Answer:

B). It gave American taxpayers a partial rebate.

Explanation:

This happened in 2008 when George bush was the president of the United States. The stimulus package was passed by the US. House of Representatives on January 29, 2008, and in a slightly different version by the US. The Senate version was then approved in the House the same day. It was signed into law on February 13, 2008 by President Bush with the support of both Democratic and Republican lawmakers. The law provides for tax rebates to low and middle income US. taxpayers, tax incentives to stimulate business investment, and an increase in the limits imposed on mortgages eligible for purchase by government sponsored enterprises.

Answer 2

Answer: It gave American taxpayers a partial rebate.

Explanation:The Economic Stimulus Act of 2008 was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008. These rebates are considered to be a reduction in your 2007 federal income tax bill.