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Essay

Effects Of The Stimulus Payment On The Economy

Essay specific features

 

Issue:

Business

 

Written by:

Steven B

 

Date added:

December 21, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 578

 

Was viewed:

1635 times

 

Rating of current essay:

 
Essay content:

At first, they were looking at individuals getting a “tax rebate” of $800 and couples getting $1600. With a package total of no more than $150 Billion dollars, or about 1% of the Gross Domestic Product of the United States.”’ Unless Congress acts, the American people will face massive tax increases in less than three years,’ Bush said Friday...
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‘This tax increase would put jobs and economic growth at risk. And Congress has a responsibility to keep that from happening.’” according to John Schoen from the MSNBC website. This was the second time during the Bush administration that we have had a recession. Obviously the first one did not work, why would he think that this one would? Especially considering the gas prices climbing, the food prices rising, unemployment rate rising and the number of houses that are being foreclosed on...
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