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Economic Stimulus Deal Reached

By FindLaw Staff

Congressional leaders and President Bush have agreed on a package of measures intended to stimulate economic growth -- including new tax rebates for individuals and families, investment incentives for businesses, and a plan that would increase mortgage availability. According to a White House Press Release, the agreement "meets the criteria the President set forward last week to provide an effective, robust, and temporary set of incentives to protect the health of our economy and encourage job creation." The Washington Post reports that "Under the plan, as many as 117 million people would get [tax] rebate checks. Individual income tax filers would receive up to $600, working couples would get up to $1,200, and those with children would get an additional $300 per child."

• Fact Sheet: New Growth Package (WhiteHouse.gov)
• Washington Post: Deal Reached on Economic Stimulus Package
• Associated Press: Stimulus Package: What's In and Out
• President Bush Discusses Bipartisan Economic Growth Agreement (WhiteHouse.gov)

Full post as published by FindLaw's Common Law on January 24, 2008 (boomark / email).