stimulus package

Definition

An energizing stimulus plan which provides tax rebates directly to taxpayers. In February 2008, a stimulus package was passed in the United States which provided most taxpayers with a $600 rebate, married couples with a $1200 rebate, and parents with a $300 rebate for each child. The government hoped that this money would be used to re-stimulate the economy.

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stimulate American Recovery & Reinvestment Act (ARRA)