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Tax Provisions of the Economic Stimulus Package (CRS Report for Congress)

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Release Date March 27, 2008
Report Number RS22850
Report Type Report
Authors Jane G. Gravelle, Government and Finance Division
Source Agency Congressional Research Service
Summary:

The economic stimulus package, P. L. 110-185, contained two major components:individual tax rebates costing an estimated $117 billion in FY2008 and FY2009, anddepreciation provisions (bonus depreciation and small business expensing costing anestimated $46.3 billion. This report describes the stimulus package's major componentsand their likely impacts as an economic stimulus.