Daily News Article - January 25, 2008
1. Stimulus is defined by dictionary.cambridge.org as something that causes growth or activity.
Recession is defined by m-w.com as a period of reduced economic activity.
The purpose of President Bush's proposed economic stimulus package is to spur economic growth.
a) How much money will Americans receive under the stimulus plan? Be specific.
b) Who would receive the money?
2. What needs to happen for the plan to effectively stimulate the economy?
3. What demands did President Bush and House Republicans, and Democratic Speaker of the House Nancy Pelosi agree to drop from the package in an effort to compromise?
4. Why might the stimulus package have trouble getting passed in the Senate?
5. How will businesses be affected by the stimulus package?
6. a) Where will the government get the $150 billion from for the rebates?
b) People who don't pay any taxes will get a rebate. People who pay the most taxes won't get a rebate. If the government can "afford" to give citizens rebates totalling $150 billion, should they do so, or permanently lower taxes? Explain your answer.
c) Ask a parent whether he/she would like to receive a tax rebate this year, or receive permanent tax cuts and to explain why.