Economic Stimulus Act of 2008
- A federal law that provided various forms of financial support, such as payments to individuals, families, and tax cuts to businesses, as a response to mitigate potential economic recession
- The Economic Stimulus Act of 2008 provided much-needed relief during the economic downturn by sending monetary benefits to families.
- Under the Economic Stimulus Act of 2008, tax cuts were provided to businesses to encourage spending.
- The auto industry received tax cuts as part of the Economic Stimulus Act of 2008 to help stimulate economic growth.
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