Economic Stimulus Proposals for 2008: An Analysis

reportActive / Technical Report | Accession Number: ADA476650 | Open PDF

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.

Author(s):
Gravelle, Jane G. ; Hungerford, Thomas L. ; Labonte, Marc ; Weiss, N. E. ; Whittaker, Julie M.
Author Organization(s):
LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE
Descriptive Note:
Research study
Supplementary Note:
CRS Report for Congress
Pagination:
0024

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release
Distribution Statement:
Approved For Public Release; Distribution Is Unlimited.

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
CRS-RL34349
Monitor Series:
CRS/DC
 Subject Terms
Joint Capability Areas:
JCA_1_Force Support; JCA_5_Command and Control; JCA_5.3_Planning; JCA_1.3_Human Capital Management; JCA_1.3.2_Personnel Management; JCA_6_Net Centric; JCA_8_Building Partnerships; JCA_6.4.1_Secure Information Exchange; JCA_8.2_Shape; JCA_1.2_Force Preparation; JCA_1.3.1_Personnel and Family Support; JCA_6.2.3_Core Enterprise Services; JCA_6.4_Information Assurance; JCA_8.2.1_Partner with Governments and Institutions
Communities of Interest:
Biomedical
Descriptor(s):
*CONGRESS, *FEDERAL BUDGETS, *FISCAL POLICIES, ECONOMIC ANALYSIS, MACROECONOMICS, LEGISLATION
Field(s)/Group(s):
Economics and Cost Analysis, Government and Political Science
Keyword(s):
RECESSION, FISCAL STIMULUS, TAX CUTS, DEFICIT SPENDING, RECOVERY REBATES AND ECONOMIC STIMULUS FOR THE AMERICAN PEOPLE ACT OF 2008 (H R 5140), ECONOMIC STIMULUS ACT OF 2008, NATIONAL ECONOMY
Report Date:
2008 Feb 01
Creation Date:
2008 Feb 20