Economic Stimulus Proposals for 2008: An Analysis

Abstract

In response to fears of an economic downturn, legislators and the President have proposed economic stimulus packages. After negotiations with the Administration, the Recovery Rebates and Economic Stimulus for the American People Act of 2008 (H.R. 5140) was introduced and passed by the House on January 29. On January 30, the Senate Committee on Finance reported the Economic Stimulus Act of 2008, which contains provisions not included in the House bill, as well as elements that are similar. The Senate committee bill is set for consideration on the Senate floor. The two stimulus packages differ somewhat, and this report briefly describes those differences. In addition, the state of the economy, the need for a stimulus package, and the macroeconomic effects of the proposals are discussed.

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Document Details

Document Type
Technical Report
Publication Date
Feb 01, 2008
Accession Number
ADA476650

Entities

People

  • Jane G. Gravelle
  • Julie M. Whittaker
  • Marc Labonte
  • N. E. Weiss
  • Thomas L. Hungerford

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Commerce
  • Congress
  • Economic Analysis
  • Employment
  • Finance
  • Food Stamps
  • Governments
  • Investments
  • Law
  • Local Governments
  • Monetary Policy
  • Money
  • Motivation
  • National Governments
  • Small Business
  • Social Security
  • United States

Readers

  • Government and Public Administration Law.
  • International Relations and European Studies
  • Speech Processing/Speech Recognition.