H.R. 5140 // February 7, 2008
Economic Stimulus Act of 2008
Sponsor: NANCY PELOSI (D-CA)
Economic Stimulus Act of 2008 - T itle I: Recovery Rebates and Incentives for Business Investment - (Sec. 101) Amends the Internal Revenue Code to grant tax rebates of the lesser of net income tax liability or $600 to individual taxpayers ($1,200 for married taxpayers filing joint returns). Allows additional rebates of $300 for each child of an eligible taxpayer. Provides for a minimum tax rebate of $300 ($600 for married taxpayers filing joint returns) for taxpayers with earned income of at least $3,000.
Economics and Public Finance Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 5.7% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 81 | 86.2% |
| Nay | Lost | 16 | 8.1% |
| Not represented on this question | No position taken | 0 | 5.7% |