Obama Stimulus Package Amount

This stimulus package was to jumpstart the u s.

Obama stimulus package amount. In recent years including one enacted by then president barack obama in 2009. Congress and signed into law by obama in february 2009 just weeks into his first term. 613 enacted february 13 2008 was an act of congress providing for several kinds of economic stimuli intended to boost the united states economy in 2008 and to avert a recession or ameliorate economic conditions.

Eligible families would receive an additional 500 for each child under the age of 17. The obama white house had been egged on by liberal economists like paul krugman who in november of 2008 recommended a stimulus of at least 600 billion. 6 couples earning up to 150 000 would receive 2 400.

The 2 trillion aid package included a 1 200 stimulus check to eligible adults earning up to 75 000. Having an entirely democrat congressional delegation in 2009 when the bill passed increases the per capita. 110 185 text pdf 122 stat.

This 2 trillion aid package will help those impacted by the coronavirus pandemic. 2020 stimulus checks the cares act sends a 1 200 check to eligible adults earning up to 75 000. However it s not the first stimulus package passed in the u s.

Economy out of recession mainly by generating two to three million new jobs and replacing decreased consumer spending. The stimulus package was passed by the u s. Team obama worked with democrats in.

Over the weekend obama officials announced that they would like congress to direct 40 percent of the stimulus bill toward tax breaks aimed at businesses and middle class workers. Known as the american recovery and reinvestment act of 2009 and nicknamed the recovery act the stimulus package was enacted by the 111th u s. The economic stimulus act of 2008 pub l.