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Federal Tax & Bailout 2008

Your complete guide to the 2008 Federal Bailout, rebates, and economic stimulus

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Shocker: Economic Stimulus Checks Increase Personal Spending

June 29th, 2008 · No Comments

If checks from the government stimulate the economy like this, maybe the government should send everyone a check every month? NEW YORK (CNNMoney.com)—Personal income surged in May as the government’s stimulus payment plan to jump-start the economy took effect, according to a report released Friday. The Commerce Department said individual income shot up 1.9% in May as a result of $48.1 billion economic stimulus payments in the month. Stimulus checks accounted for a huge 5.7% rise in disp

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