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Stimulus Act
Stimulus Act
11
Other
12th Grade
03/19/2015
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Predicted that GDP would increase 1.4% to 3.8%.

 

Bush tax cuts were given in the form of checks.

 

Stimulus tax cuts were not.

 

Some people did not know they had a tax break.

 

As of October 30, 2009, it saved over 640,000 jobs
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Real GDP at 14.42 trillion, a -2.8 decrease from '08
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Recipients of ARRA funds to report every 3 months January, April, July, and October
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Extended unemployment benefits another 7 weeks

(from 26 to 33)

The unemployment rate did not go down until 2011
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