Stimulus package

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A stimulus package is most often a government program providing economic stimulus.

Examples in the United States include the Economic Stimulus Appropriations Act of 1977; the Economic Stimulus Act of 2008; the American Recovery and Reinvestment Act of 2009; the CARES Act in 2020 and American Rescue Plan Act of 2021.

Examples elsewhere include Thai Khem Khaeng, a 2009 and 2010 program in Thailand; the Kenya Economic Stimulus Programme in 2009; the 2008 Chinese economic stimulus program; the July Jobs Stimulus in Ireland in 2020; the ROC consumer voucher in Taiwan; and the Triple Stimulus Voucher in China.

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The Economic Stimulus Act of 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. The stimulus package was passed by the U.S. House of Representatives on January 29, 2008, and in a slightly different version by the U.S. Senate on February 7, 2008. The Senate version was then approved in the House the same day. It was signed into law on February 13, 2008, by President George W. Bush with the support of both Democratic and Republican lawmakers. The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment, and an increase in the limits imposed on mortgages eligible for purchase by government-sponsored enterprises. The total cost of this bill was projected at $152 billion for 2008.

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<span class="mw-page-title-main">Great Recession</span> Global economic decline from 2007 to 2009

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<span class="mw-page-title-main">Chinese economic stimulus program</span> Government Plan

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<span class="mw-page-title-main">American Recovery and Reinvestment Act of 2009</span> Stimulus package

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The Republic of China Consumer Voucher is a type of voucher issued by the government of the Republic of China in times of economic troubles. In 2009, the first series of vouchers was issued in respond to the global financial crisis and a second series was issued in 2020 in response to the global Coronavirus recession. The second series was issued both as physical vouchers as well as digital e-vouchers.

A stimulus bill is a government program providing economic stimulus.

<span class="mw-page-title-main">Stimulus (economics)</span> Attempts to use monetary or fiscal policy to stimulate the economy

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Thai Khem Khaeng was a Thai economic stimulus investment program imposed by the government of Abhisit Vejjajiva in the years 2009 and 2010, led by Finance Minister Korn Chatikavanij. The program consist of two major stimulus packages injected in the Thai economy involving vast investments in industry, science, technology, agriculture, logistics and infrastructure, environment, education, labour and tourism and the positive impact remains in the economy up to the present.

<span class="mw-page-title-main">CARES Act</span> COVID-19 stimulus in the United States

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. The spending primarily includes $300 billion in one-time cash payments to individual people who submit a tax return in America, $260 billion in increased unemployment benefits, the creation of the Paycheck Protection Program that provides forgivable loans to small businesses with an initial $350 billion in funding, $500 billion in loans for corporations, and $339.8 billion to state and local governments.

<span class="mw-page-title-main">American Rescue Plan Act of 2021</span> Act to address economic effects of COVID-19

The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. First proposed on January 14, 2021, the package builds upon many of the measures in the CARES Act from March 2020 and in the Consolidated Appropriations Act, 2021, from December.

<span class="mw-page-title-main">Triple Stimulus Voucher</span> 2020 voucher issued by Taiwan

Triple Stimulus Vouchers were a series of vouchers issued in response to the 2020 Coronavirus recession by the government of the Republic of China as part of its post-epidemic revitalisation of the business climate in the country, as the economy of Taiwan took a major hit from the global pandemic.

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